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Barclays to price one-year Accelerated Return Notes linked to Facebook
By Toni Weeks
San Luis Obispo, Calif., July 16 – Barclays Bank plc plans to price 0% Accelerated Return Notes due August 2016 linked to the common stock of Facebook, Inc., 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 share price, up to a maximum return of 16% to 20%. The exact cap will be set at pricing.
Investors will be exposed to any losses.
BofA Merrill Lynch is the agent.
The notes will price and settle in August.
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