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Barclays to price jump securities with autocall feature linked to Juno
By Marisa Wong
Morgantown, W.Va., Sept. 28 – Barclays Bank plc plans to price 0% jump securities with autocallable feature due Oct. 2, 2020 linked to the common stock of Juno Therapeutics, Inc., according to a 424B2 with the Securities and Exchange Commission.
If the stock closes at or above the threshold value, 85% of the initial price, on a quarterly determination date, the notes will be automatically called at par plus a call premium of 15% per year.
If the notes are not called prior to maturity and the stock finishes at or above the threshold value, the payout at maturity will be par plus 45%.
Otherwise, investors will be fully exposed to the share price decline.
Barclays is the agent with Morgan Stanley Wealth Management handling distribution.
The notes will price on Sept. 29.
The Cusip number is 06746M511.
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