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Barclays changes dates of buffered Super Track notes linked to basket
By Angela McDaniels
Tacoma, Wash., Oct. 9 - Barclays Bank plc changed the pricing, settlement and maturity dates of its upcoming 0% buffered Super Track notes linked to a basket of indexes and exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are now expected to price Oct. 30, settle Nov. 2 and mature Nov. 2, 2018. Previously, they were expected to price Oct. 5, settle Oct. 11 and mature Oct. 11, 2018.
As previously reported, the basket consists of the S&P 500 index with a 34.5% weight, the iShares MSCI EAFE index fund with a 9% weight, the Russell 2000 index with an 8% weight, the PowerShares DB Commodity Index Tracking fund with an 8% weight, the iShares iBoxx $ Investment Grade Corporate Bond fund with a 7% weight, the iShares MSCI Japan index fund with a 7% weight, the iShares MSCI Emerging Markets index fund with a 5% weight, the Consumer Staples Select Sector SPDR fund with a 5% weight, the iShares Dow Jones Select Dividend Index SPDR fund with a 5% weight, the Health Care Select Sector SPDR fund with a 4% weight, the PowerShares QQQ TrustSM, Series 1 with a 4% weight and the iShares Barclays Treasury Inflation Protected Securities Bond fund with a 3.5% weight.
If the final basket level is greater than the initial basket level, the payout at maturity will be par plus the basket return. Investors will receive par if the basket declines by the buffer percentage or less and will lose 1% for every 1% that it declines beyond the buffer percentage, which is expected to be 31% to 39% and will be set at pricing.
Barclays is the agent.
The Cusip number is 06741THF7.
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