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Barclays plans to price principal-protected notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Dec. 1 - Barclays Bank plc plans to price zero-coupon 100% principal-protected notes due Dec. 31, 2015 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus the index return, subject to a maximum return of 50% to 60% and a floor of par. The exact cap will be set at pricing.
The notes are expected to price Dec. 28 and settle Dec. 31.
Barclays Capital Inc. is the agent.
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