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Barclays Blunder Gives Some Burned Peloton Note Holders 1,200% Boost

  • Bank will buy notes at original price, even if value’s plunged
  • Lender plans to rescind thousands of structured notes and ETNs
A Peloton showroom in Dedham, Massachusetts. 

A Peloton showroom in Dedham, Massachusetts. 

Photographer: Adam Glanzman/Bloomberg

Barclays Plc’s blunder with US structured notes is giving investors a way out of bets gone horribly wrong.

The bank revealed on Monday the list of securities it will buy back at their original price, as required by regulators due to a paperwork error. Barclays’ $17.6 billion program is set to effectively rescue many bondholders from the market plunges of the past year.