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Barclays plans return optimization securities on copper and zinc
By Jennifer Chiou
New York, Feb. 3 - Barclays Bank plc plans to price 0% return optimization securities due Feb. 17, 2012 linked to copper and zinc, according to an FWP with the Securities and Exchange Commission.
If the basket return is positive, the payout at maturity will be par plus two times the gain, subject to a maximum return of 24% to 29% that will be set at pricing.
Investors will share in any losses.
The securities (Cusip: 06740P536) will price on Feb. 11 and settle on Feb. 16.
UBS Financial Services Inc. and Barclays Capital Inc. are the underwriters.
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