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Barclays plans buffered Super Track notes tied to Euro Stoxx 50 index
By Toni Weeks
San Diego, Oct. 3 - Barclays Bank plc plans to price 0% buffered Super Track notes due Oct. 31, 2014 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.15 to 1.2 times the index return. The exact maximum return will be determined at pricing.
Investors will receive par if the index stays flat or falls by up to 10% and will lose 1% for every 1% decline beyond the 10% buffer.
The notes (Cusip: 06741THN0) are expected to price Oct. 26 and settle Oct. 31.
Barclays is the agent.
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