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Barclays plans to sell 0% principal-protected notes tied to S&P index
By Susanna Moon
Chicago, Oct. 30 - Barclays Bank plc plans to price zero-coupon 100% principal-protected notes due Nov. 30, 2015 linked to the S&P index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, up to a maximum return of 55% to 60%. The exact cap will be set at pricing.
Investors will receive at least par.
The notes will price on Nov. 24 and settle on Nov. 30.
Barclays Capital Inc. is the agent.
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