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Barclays to price principal-protected notes linked to Euro Stoxx 50
By Jennifer Chiou
New York, May 28 - Barclays Bank plc plans to price zero-coupon 100% principal-protected notes due Dec. 31, 2012 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index remains within a designated range throughout the life of the notes, investors will receive par plus the absolute value of the final index return.
Otherwise, investors will receive par.
The lower barrier will be 72% to 76% of the initial level. The upper barrier will be 124% to 128% of the initial level, with the exact range to be set at pricing.
The notes will price on June 25 and settle on June 30.
Barclays Capital Inc. is the agent.
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