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Barclays plans Accelerated Return Notes on Energy Select Sector index
By Jennifer Chiou
New York, Aug. 12 - Barclays Bank plc plans to price 0% Accelerated Return Notes due August 2013 linked to the Energy Select Sector index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par of $10.00 plus five times any gain in the index, up to a cap of $13.70 to $14.10 per note. The exact amount will be set at pricing.
Investors will be exposed to any losses.
The notes will price and settle in August.
Bank of America Merrill Lynch and Barclays Capital Inc. are the agents.
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