Barclays plans buffered return enhanced notes linked to Nikkei 225

By Toni Weeks

San Luis Obispo, Calif., Feb. 18 - Barclays Bank plc plans to price 0% buffered return enhanced notes due Feb. 26, 2018 linked to the Nikkei 225 index, according to a 424B2 filing with the Securities and Exchange.

If the index return is greater than or equal to negative 25%, the payout at maturity will be par plus 1.03 to 1.13 times any gain in the index.

If the index return is less than negative 25%, investors will receive an amount equal to par (i) minus 1.3333% for each 1% decline beyond the 25% buffer (ii) plus 1.03 to 1.13 times the average index return. The average index return is the average of the index closing levels on each of 16 quarterly observation dates.

The actual participation rate will be determined at pricing.

Barclays is the agent.

The notes will price on Feb. 21 and settle on Feb. 26.

The Cusip number is 06741T6A0.

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