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Barclays plans PLUS due 2014 linked to Euro Stoxx 50 index
By Jennifer Chiou
New York, Sept. 5 - Barclays Bank plc plans to price 0% Performance Leveraged Upside Securities due Nov. 5, 2014 linked to the Euro Stoxx 50 index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 300% of any index gain, up to a maximum return of 19.4% to 23.4%. The exact cap will be set at pricing.
Investors will be fully exposed to any losses.
The notes (Cusip: 06742D168) are expected to price on Sept. 30.
Barclays is the agent with Morgan Stanley Smith Barney LLC as distributor.
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