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Barclays plans buffered SuperTrack notes linked to S&P 500 index
By Angela McDaniels
Tacoma, Wash., June 13 – Barclays Bank plc plans to price 0% buffered SuperTrack notes due June 30, 2016 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 the index return if the index return is positive, subject to a maximum return that is expected to be 11.25% to 12% and will be set at pricing. Investors will receive par if the index declines by 15% or less and will lose 1% for every 1% that it declines beyond 15%.
Barclays is the agent.
The notes are expected to price June 25 and settle June 30.
The Cusip number is 06741UEW0.
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