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Barclays plans three-year leveraged notes with 95% floor on Stoxx 50
By Susanna Moon
Chicago, July 9 – Barclays Bank plc plans to price 0% notes due July 30, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.25 to 1.3 times any index gain, with the exact upside leverage factor to be set at pricing.
If the index falls, the payout will be par plus the return with a minimum payout of $950 per $1,000 principal amount.
Barclays is the agent.
The notes will price on July 26 and settle on July 31.
The Cusip number is 06746XGT4.
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