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Published on 3/12/2015 in the Prospect News Structured Products Daily.

Barclays plans to price notes linked to rupee relative to euro

By Marisa Wong

Madison, Wis., March 12 – Barclays Bank plc plans to price 0% notes due Oct. 18, 2016 linked to the Indian rupee relative to the euro, according to a 424B2 filing with the Securities and Exchange Commission.

If the currency return is positive, the payout at maturity will be par plus the gain.

If the currency return is greater than or equal to negative 20%, the payout at maturity will be par.

If the currency return is less than negative 20%, investors will lose 1% for every 1% decline beyond the 20% buffer.

Barclays is the agent.

The notes will price on March 13 and settle on March 18.

The Cusip number is 06741USQ8.


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