Barclays plans buffered notes with cap due 2019 tied to three funds

By Susanna Moon

Chicago, June 29 – Barclays Bank plc plans to price 0% notes due Oct. 17, 2019 linked to a basket of three exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the SPDR S&P 500 index ETF Trust with a 64% weight, SPDR S&P MidCap 400 ETF Trust with a 22% weight and the iShares Russell 2000 ETF with a 14% weight.

The payout at maturity will be par plus any basket gain up to a maximum return of 18.2%.

Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond the 10% buffer.

Barclays is the agent.

The notes will price on July 11.

The Cusip number is 06746XGF4.

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