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Barclays plans bear Accelerated Return Notes linked to Russell 2000
By Jennifer Chiou
New York, Aug. 29 - Barclays Bank plc plans to price 0% bear Accelerated Return Notes due March 2013 linked to the Russell 2000 index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus three times the absolute value of any index decline, subject to a maximum return of 8% to 12% that will be set at pricing. Investors will lose 1% for every 1% that the index increases.
The notes are expected to price and settle in September.
Bank of America Merrill Lynch is the agent.
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