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Barclays plans buffered return optimization notes on S&P 500 via UBS
By Toni Weeks
San Diego, July 1 - Barclays Bank plc plans to price buffered return optimization securities due July 31, 2013 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
UBS Financial Services Inc. and Barclays Capital Inc. are the agents.
The payout at maturity will be par of $10 plus 1.25 times any gain in the index, subject to a maximum gain of 18.5% to 22.5%. The exact cap will be set at pricing.
Investors will receive par if the index falls by up to 10% and will be exposed to losses beyond 10%.
The notes (Cusip: 06741K239) will price July 26 and settle July 29.
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