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Barclays plans contingent coupon notes linked to Russell 2000
By Susanna Moon
Chicago, June 25 – Barclays Bank plc plans to price contingent coupon notes due July 30, 2021 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent coupon at an annual rate of 6.4% for each quarter that the index closes above the 70% coupon barrier level on the observation date for that quarter.
The payout at maturity will be par unless the index finishes below the 70% barrier level, in which case investors will be fully exposed to any losses.
Barclays is the agent.
The notes will price on July 24 and settle on July 31.
The Cusip number is 06741UYY4.
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