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Barclays plans digital notes linked to Euro Stoxx 50
By Susanna Moon
Chicago, Feb. 10 – Barclays Bank plc plans to price 0% digital notes linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are expected to mature between 13 and 16 months after issue.
If the index finishes at or above the 85% barrier level, the payout at maturity will be the digital settlement amount of $1,048 to $1,056 for each $1,000 principal amount of notes. The exact digital return will be set at pricing.
Otherwise, investors will lose 1.17647% for each 1% decline beyond 15%.
The exact deal terms will be set at pricing.
Barclays is the agent.
The Cusip number is 06741UQS6.
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