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Barclays plans buffered return optimization notes linked to S&P 500
By Susanna Moon
Chicago, Aug. 31 - Barclays Bank plc plans to price 0% buffered return optimization securities due Sept. 30, 2013 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
UBS Financial Services Inc. and Barclays Capital Inc. are the agents.
The payout at maturity will be par of $10.00 plus double any gain in the index, up to a maximum return of $12.30 to $12.80 per note. The exact cap will be set at pricing.
Investors will receive par if the index falls by up to 10% and will be exposed to losses beyond 10%.
The notes will price on Sept. 27 and settle on Sept. 30.
The Cusip number is 06738KTF8.
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