Barclays to sell Strategic Accelerated Redemption Securities on Stoxx

By Devika Patel

Knoxville, Tenn., July 17 – Barclays Bank plc plans to price Strategic Accelerated Redemption Securities due July 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at a premium of 11% to 12% per year if the closing level of the index is greater than its starting value on any of the five observation dates.

If the notes are not called, investors lose 1% for each 1% decline in the index.

Barclays is the agent.

The notes will price and settle in July.

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