Barclays plans Accelerated Return Notes linked to Financial Select

By Angela McDaniels

Tacoma, Wash., Feb. 25 - Barclays Bank plc plans to price 14-month 0% Accelerated Return Notes linked to the Financial Select Sector index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any increase in the index, subject to a maximum return of 14% to 18% that will be set at pricing. Investors will be exposed to any index decline.

The notes will price in March or April.

Merrill Lynch, Pierce, Fenner & Smith Inc. is the underwriter.

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