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Barclays plans seven-year Super Track notes with trigger on S&P 500
By Susanna Moon
Chicago, Feb. 20 - Barclays Bank plc plans to price 0% Super Track notes due March 2, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.485 times any index gain, with the exact participation rate to be set at pricing.
Investors will receive par if the index falls by up to 30% and will lose 1.42857% for each 1% decline beyond 30%.
Barclays is the agent.
The notes will price on Feb. 25 and settle on Feb. 28.
The Cusip number is 06741T6J1.
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