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Barclays plans 14-month accelerated return notes tied to Euro Stoxx 50
By Susanna Moon
Chicago, Feb. 1 - Barclays Bank plc plans to price 0% Accelerated Return Notes due April 2014 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 16% to 20%. The exact cap will be set at pricing.
Investors will be exposed to any losses.
Bank of America Merrill Lynch is the agent.
The notes will price and settle in February.
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