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Barclays plans five-year leveraged market-linked notes tied to S&P
By Susanna Moon
Chicago, Aug. 10 – Barclays Bank plc plans to price 0% market-linked notes with leveraged upside participation to a cap and fixed percentage buffered downside due Sept. 6, 2023 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% times any index gain, up to a maximum return of 50% to 55%.
Investors will receive par if the index finishes falls by up to 15% and lose 1% for each 1% decline beyond 15%.
Wells Fargo Securities, LLC and Barclays are the agents.
The notes will price on Aug. 31.
The Cusip number is 06746XLD3.
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