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Barclays plans leveraged notes with no cap linked to index basket
By Susanna Moon
Chicago, Feb. 17 – Barclays Bank plc plans to price 0% leveraged notes linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are expected to mature between 18 and 21 months after pricing.
The basket consists of the Euro Stoxx 50 index with a 37% weight, FTSE 100 index with a 23% weight, Topix index with a 23% weight, Swiss Market index with a 9% weight and S&P/ASX 200 index with an 8% weight.
The payout at maturity will be par plus 123.5% to 133.5% of any basket gain, with the exact participation rate to be set at pricing.
Investors will be exposed to any losses.
Barclays is the agent.
The Cusip is 06741URD8.
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