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Bank of America to price Accelerated Return Notes tied to S&P 500
By Toni Weeks
San Diego, Dec. 15 - Barclays Bank plc plans to price 0% Accelerated Return Notes due February 2013 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
Bank of America Merrill Lynch will be the agent.
The payout at maturity will be par of $10.00 plus triple any gain in the index, capped at 20% to 24%.
Investors will be fully exposed to losses.
The notes are expected to price and settle in December.
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