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Barclays plans to price buffered dual directional notes on two ETFs
By Emma Trincal
New York, May 25 – Barclays Bank plc plans to price 0% buffered dual directional notes due June 13, 2025 linked to the least performing of the iShares MSCI Emerging Markets ETF and the iShares MSCI EAFE ETF, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 120% any gain in the lesser performing ETF.
If the lesser performing asset falls by up to 15%, the payout will be par plus the absolute value of the return of that ETF.
Investors will lose 1% for every 1% decline of the lesser performing ETF beyond 15%.
Barclays is the agent.
The notes will price on June 7 and settle on June 12.
The Cusip number is 06745MEG9.
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