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Barclays plans accelerated return notes linked to technology stocks
By Susanna Moon
Chicago, Jan. 8 - Barclays Bank plc plans to price 0% Accelerated Return Notes due March 2014 linked to a basket of four equally weighted technology sector stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying companies are Microsoft Corp., Oracle Corp., Cisco Systems, Inc. and Qualcomm, Inc.
The payout at maturity will be par of $10 plus triple any basket gain, up to a maximum return of 14% to 18%. 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 January.
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