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Barclays to price dual directional notes linked to WTI crude
By Marisa Wong
Madison, Wis., July 30 - Barclays Bank plc plans to price 0% dual directional notes due Aug. 13, 2014 linked to the performance of WTI crude, according to a 424B2 filing with the Securities and Exchange Commission.
If the final price of WTI crude is at or above the barrier level, 80.25% of the initial price, the payout at maturity will be par plus the absolute value of the asset return. Otherwise, investors will be fully exposed to the decline.
Barclays is the underwriter.
The notes are expected to price Aug. 2 and settle Aug. 7.
The Cusip number is 06741TZZ3.
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