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Barclays plans four-year 80% protected notes tied to DJ-UBS Commodity
By Susanna Moon
Chicago, Feb. 10 - Barclays Bank plc plans to price 0% notes due Feb. 17, 2015 based on the Dow Jones-UBS Commodity index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the index, up to a maximum return of 54%.
Investors will receive par if the index falls by up to 20%.
If the index falls by 20% or more, the payout will be 80% of par.
The notes (Cusip 06738KBZ3) will price on Feb. 11 and settle on Feb. 16.
Barclays Capital Inc. is the agent.
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