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Barclays plans leveraged notes with cap, 95% floor tied to Stoxx 50
By Susanna Moon
Chicago, July 23 – Barclays Bank plc plans to price 0% notes due Feb. 5, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any index gain, up to a maximum return of 14% to 16%. The exact upside leverage factor will be set at pricing.
If the index falls, the payout will be par plus the return with a minimum payout of $950 per $1,000 principal amount.
Barclays is the agent.
The notes will price on July 31.
The Cusip number is 06746XGZ0.
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