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Barclays to price capped leveraged return notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Nov. 23 - Barclays Bank plc plans to price two-year 0% Capped Leveraged Index Return Notes linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus double any index gain, subject to a maximum return of 23% to 27% that will be set at pricing. Investors will receive par if the index falls by 10% or less and will lose 1% for each 1% that it declines beyond 10%.
The notes are expected to price in December or January.
Merrill Lynch, Pierce, Fenner & Smith Inc. is the underwriter.
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