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Barclays plans capped leveraged buffered notes tied to MSCI EAFE
By Jennifer Chiou
New York, Jan. 15 - Barclays Bank plc plans to price 0% capped leveraged buffered index-linked notes tied to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are expected to mature 19 to 21 months after pricing.
If the index return is positive, the payout at maturity will be par plus 1.5 times the index return, subject to a maximum payment of $1,120 to $1,165 per $1,000 principal amount of notes. The exact maximum payment will be set at pricing.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% index decline beyond the 10% buffer.
The Cusip is 06741T4L8.
Barclays is the agent.
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