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Barclays plans to price capped leveraged notes linked to MSCI indexes
By Marisa Wong
Madison, Wis., Dec. 23 - Barclays Bank plc plans to price two-year 0% Capped Leveraged Index Return Notes linked to a basket of indexes, according to an FWP filing with the Securities and Exchange Commission.
The basket includes the MSCI World index, with an initial weight of 75%, and the MSCI Emerging Markets index, with an initial weight of 25%.
The payout at maturity will be par of $10 plus double any basket gain, subject to a maximum return of 16% to 20% that will be set at pricing. Investors will receive par if the basket falls by 10% or less and will lose 1% for each 1% decline beyond 10%.
The notes are expected to price in January and settle in February.
Merrill Lynch, Pierce, Fenner & Smith Inc. is the underwriter.
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