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Barclays plans to price dual directional notes linked to S&P, Russell
By Tali Rackner
Norfolk, Va., March 11 – Barclays Bank plc plans to price 0% dual directional notes due March 29, 2018 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes above the initial level or either index finishes below than the 80% barrier level, the payout at maturity will be par plus the return of the lesser-performing index.
If either index falls but remains at or above the barrier, the payout will be par plus the absolute value of the index return.
Barclays is the agent.
The notes will price on March 28 and settle on March 31.
The Cusip number is 06741U5Z3.
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