Barclays to price capped leveraged notes linked to S&P 500 index

By Jennifer Chiou

New York, Sept. 25 – Barclays Bank plc plans to price 0% capped leveraged notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The tenor of the notes is expected to be 24 to 27 months.

If the index return is positive, the payout at maturity will be par plus three times the index return, subject to a maximum settlement amount that is expected to be $1,195 to $1,225 for each $1,000 principal amount of notes and will be set at pricing.

Investors will share in losses.

The Cusip number is 06741UKJ2.

Barclays is the agent.

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