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Barclays to price principal-protected notes linked to Exxon Mobil
By Angela McDaniels
Tacoma, Wash., March 13 - Barclays Bank plc plans to price zero-coupon 100% principal-protected notes due March 27, 2009 linked to the common stock of Exxon Mobil Corp., according to an FWP filing with the Securities and Exchange Commission.
If Exxon Mobil shares remain above the lower barrier and below the upper barrier throughout the life of the notes, the payout at maturity will be par plus 10%. Otherwise, the payout will be par.
The lower and upper barriers will be 18.15% below and above the initial share price, respectively.
The notes will price on March 14 and settle on March 28.
Barclays Capital Inc. will be the agent.
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