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Barclays to price return optimization notes linked to S&P 500 via UBS
By Angela McDaniels
Tacoma, Wash., Feb. 2 - Barclays Bank plc plans to price 0% return optimization securities with contingent protection due Feb. 28, 2013 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 of $10 plus 1.5 times any index gain, subject to a maximum return of 40% to 46% that will be set at pricing. If the index return is between zero and negative 30%, the payout will be par. If the index return is less than negative 30%, the payout will be par plus the return.
The notes are expected to price Feb. 23 and settle Feb. 26.
UBS Financial Services Inc. and Barclays Capital Inc. are the underwriters.
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