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Barclays plans principal-protected notes linked to General Motors
By Laura Lutz
Des Moines, April 18 - Barclays Bank plc plans to price 100% principal-protected notes due March 2, 2009 linked to common stock of General Motors Corp., according to an FWP filing with the Securities and Exchange Commission.
If General Motors stock stays within 25% of its initial level during the life of the notes, the payout at maturity will be 120% of par.
Otherwise, the payout will be par.
The notes are expected to price on April 22 and settle on April 25.
Barclays Capital Inc. is the agent.
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