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Barclays plans to price notes due 2021 linked to S&P 500 index
By Sarah Lizee
Olympia, Wash., Oct. 5 – Barclays Bank plc plans to price 0% notes due Oct. 21, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 0.8 times any index gain.
If the index falls by up to 5%, the payout will be par plus the return, with exposure to losses.
If the index falls by more than 5%, investors will receive the minimum payment at maturity of $950 for each $1,000 of notes.
Barclays is the agent.
The notes will price on Oct. 17 and settle on Oct. 22.
The Cusip number is 06746XS20.
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