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Barclays to price return optimization securities linked to Dow Jones - UBS Commodity index via UBS
By Angela McDaniels
Tacoma, Wash., June 2 - Barclays Bank plc plans to price 0% return optimization securities with contingent protection due June 28, 2013 linked to the Dow Jones - UBS Commodity index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 1.5 times the index return, subject to a maximum return of 55% to 65% that will be set at pricing.
If the index return is zero to 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 June 25 and settle June 30.
UBS Financial Services Inc. and Barclays Capital Inc. are the underwriters.
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