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Barclays plans contingent buffered return enhanced notes tied to gold
By Toni Weeks
San Diego, Sept. 18 - Barclays Bank plc plans to price 0% contingent buffered return enhanced notes due Oct. 2, 2013 linked to the performance of gold, according to an FWP filing with the Securities and Exchange Commission.
If the final price of gold is at least 85% of the initial share price, the payout at maturity will be par plus the greater of the 5% contingent minimum return and the percentage change in the price of gold, subject to a maximum return of at least 10.05% that will be set at pricing. Otherwise, investors will be fully exposed to the decline of gold from its initial price.
Barclays is the underwriter with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as dealers.
The notes are expected to price Sept. 21 and settle Sept. 26.
The Cusip number is 06741TGN1.
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