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Barclays plans five-year return enhanced notes with no cap on S&P 500
By Susanna Moon
Chicago, Aug. 22 - Barclays Bank plc plans to price 0% return enhanced notes due Aug. 29, 2017 linked to S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.85 times any gain in the index.
Investors will be exposed to any losses.
Barclays is the underwriter with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as the placement agents.
The notes will price on Aug. 24 and settle on Aug. 29.
The Cusip number is 06741TEY9.
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