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Barclays plans 12-month Accelerated Return Notes linked to Facebook
By Susanna Moon
Chicago, June 16 – Barclays Bank plc plans to price 0% 12-month Accelerated Return Notes linked to Facebook Inc. shares, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any gain in the stock, up to a maximum return of 31% to 35%. The exact cap will be set at pricing.
Investors will be exposed to any losses.
BofA Merrill Lynch is the agent.
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