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Barclays plans three-year leveraged notes tied to Dow, Stoxx basket
By Susanna Moon
Chicago, May 16 – Barclays Bank plc plans to price 0% Leveraged Index Return Notes due May 2021 linked to a basket consisting of the Dow Jones industrial average and the Euro Stoxx 50 index, equally weighted, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 140% to 160% of any basket gain, with the exact participation rate to be set at pricing.
Investors will receive par if the basket falls by up to 20% and will be exposed to any losses beyond 20%.
BofA Merrill Lynch is the agent.
The notes will price in May and settle in June.
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