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Barclays to price capped leveraged buffered notes linked to S&P 500
By Toni Weeks
San Luis Obispo, Calif., March 7 - Barclays Bank plc plans to price 0% capped leveraged buffered notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are expected to mature 24 to 27 months after pricing.
The payout at maturity will be par plus 1.5 times any index gain, up to a maximum settlement amount of $1,120 to $1,165 per $1,000 principal amount.
Investors will receive par if the index falls by 10% or less.
If the index falls by more than 10%, investors will lose about 1.1111% for every 1% decline beyond the 10% buffer.
The exact terms will be set at pricing.
The Cusip number is 06741T6R3.
Barclays is the agent.
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