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Barclays to price capped leveraged buffered notes linked to MSCI EAFE
By Toni Weeks
San Luis Obispo, Calif., March 21 - Barclays Bank plc plans to price 0% capped leveraged buffered notes linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are expected to mature 24 to 27 months after pricing.
The payout at maturity will be par plus 1.2 times any index gain, up to a maximum settlement amount of $1,204 to $1,252 per $1,000 principal amount.
Investors will receive par if the index falls by 10% or less.
If the index falls by more than 10%, investors will lose about 1.1111% for every 1% decline beyond the 10% buffer.
The exact terms will be set at pricing.
The Cusip number is 06741UAN4.
Barclays is the agent.
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