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Barclays to price buffered Super Track notes linked to the Dow
By Toni Weeks
San Luis Obispo, Calif., July 3 – Barclays Bank plc plans to price 0% buffered Super Track notes due July 31, 2019 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus the index return.
Investors will receive par if the index stays flat or falls by up to the buffer amount of 20% to 25% and will lose 1% for every 1% drop beyond the buffer. The exact buffer will be set at pricing.
The notes (Cusip: 06741UFP4) are expected to price July 28 and settle July 31.
Barclays is the agent.
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