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Barclays plans notes linked to WTI crude oil futures contracts
By Marisa Wong
Madison, Wis., Sept. 24 – Barclays Bank plc plans to price 0% notes due Dec. 21, 2015 linked to futures contracts on WTI crude oil, according to an FWP filing with the Securities and Exchange Commission.
If the price of WTI crude finishes at or above the 85% barrier level, the payout at maturity will be par plus the greater of the 0% contingent minimum return and 1.5 times the asset return, subject to a maximum return of 15%.
Otherwise, investors will be fully exposed to losses.
Barclays is the underwriter. JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are placement agents.
The notes will price on Sept. 26 and settle on Oct. 1.
The Cusip number is 06741UKL7.
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