It doesn’t seem to be working. I tried a bunch of settings.
Here are some screenshots of them. I changed everything to stereo and… nothing…
If it’s so difficult to do this I don’t think PP seems worth the trouble…
This is the prefs dialog box:

This is the sequence settings dialog box: (how vague can “standard” be anyway…)

This is the end result on the track, two tracks with individual rubber bands:
