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Barclays plans Capped Leveraged Index Return Notes tied to S&P 500
By Marisa Wong
Morgantown, W.Va., May 22 – Barclays Bank plc plans to price 0% Capped Leveraged Index Return Notes due July 2018 linked to the S&P 500 index, according to an FWP filed 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 6% to 10%. The exact cap will be set at pricing.
Investors will receive par if the index falls by up to 5% and will lose 1% for every 1% decline beyond 5%.
BofA Merrill Lynch is the agent.
The notes will price in May and settle in June.
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