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Barclays aims to sell market-linked notes linked to the S&P 500 index
By Devika Patel
Knoxville, Tenn., Aug. 24 – Barclays Bank plc plans to price 0% market-linked notes due Sept. 4, 2025 linked to the S&P 500 index, according to a 424B3 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, subject to a maximum payout of 222% of par. The exact cap will be set at pricing.
Investors will receive par if the index falls.
Barclays is the agent, with Morgan Stanley Wealth Management handling distribution.
The notes (Cusip: 06746T250) will price on Aug. 31 and settle on Sept. 6.
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