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Barclays plans 14-month Accelerated Return Notes on Energy Select
By Toni Weeks
San Luis Obispo, Calif., Dec. 24 - Barclays Bank plc plans to price 0% Accelerated Return Notes due March 2015 linked to the Energy Select Sector index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 300% of any index gain, up to a capped return of 11% to 15%. The exact cap will be set at pricing.
Investors will be exposed to any losses.
The final index level will be the average of the closing index levels on five trading days shortly before the maturity date.
BofA Merrill Lynch is the agent.
The notes will price in January and settle in February.
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