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Barclays to price buffered SuperTrack notes linked to S&P 500 index
By Sarah Lizee
Olympia, Wash., June 20 – Barclays Bank plc plans to price buffered SuperTrack notes due June 25, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus 1.115 times the gain of the index.
If the index falls by up to 15%, the payout at maturity will be par.
Otherwise, investors will lose 1% for each 1% decline of the index beyond the 15% buffer.
Barclays is the agent.
The notes will price on June 22 and settle on June 27.
The Cusip number is 06746XFT5.
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