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Barclays to price three-year notes with cap, floor on Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., Jan. 4 – Barclays Bank plc plans to price 0% notes due Jan. 7, 2021 linked to Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, capped at 44%.
If the index falls by up to 2.5%, the payout will be par plus the index return. Otherwise, investors will receive 97.5% of par. In other words, if the index return is negative, investors will lose up to 2.5%.
Barclays is the underwriter, and JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.
The notes will price on Jan. 5.
The Cusip number is 06744CRJ2.
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