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Barclays to price 2.5-year capped buffered PLUS linked to Topix
By Marisa Wong
Morgantown, W.Va., Jan. 29 – Barclays Bank plc plans to price 0% buffered Performance Leveraged Upside Securities due Aug. 5, 2020 linked to the Topix index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus 200% of the index return, subject to a maximum payout of at least $13.00 per PLUS.
If the index finishes flat or falls by up to 10%, the payout will be par.
Otherwise, investors will lose 1% for every 1% that the index declines beyond 10%.
Barclays is the agent. Morgan Stanley Wealth Management is a dealer.
The notes will price on Jan. 31.
The Cusip number is 06746P381.
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