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Barclays to price principal protected notes linked to S&P 500
By Susanna Moon
Chicago, March 26 - Barclays Bank plc plans to price 0% principal protected notes due March 27, 2009 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index remains above the lower barrier and below the upper barrier throughout the life of the notes, the payout at maturity will be par plus 16%. Otherwise, the payout will be par.
The lower and upper barriers will be 16% below and above the initial index level, respectively.
The notes will price on March 27 and settle on April 1.
Barclays Capital Inc. will be the agent.
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