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Barclays plans 13-month PLUS linked to S&P 500 with 200% leverage
By Susanna Moon
Chicago, July 27 - Barclays Bank plc plans to price 0% Performance Leveraged Upside Securities due Sept. 29, 2012 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus double any index gain, up to a maximum return of $11.30 to $11.70 per note. The exact cap will be set at pricing.
Investors will be exposed to any losses.
Morgan Stanley Smith Barney LLC and Barclays Capital Inc. are the agents.
The notes will price on Aug. 25 and settle three days later.
The Cusip number is 06738G589.
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