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Barclays to sell Strategic Accelerated Redemption Securities on Stoxx
By Sarah Lizee
Olympia, Wash., Jan. 28 – Barclays Bank plc plans to price Strategic Accelerated Redemption Securities due January 2026 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 annual observation dates.
If the notes are not called, investors lose 1% for each 1% decline in the index.
BofA Securities, Inc. is the agent.
The notes will price and settle in January.
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