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Barclays plans to price capped participation notes linked to gold
By Toni Weeks
San Luis Obispo, Calif., April 16 - Barclays Bank plc plans to price 0% capped participation notes due October 2014 linked to the performance of gold, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any increase in the price of gold, subject to a maximum return of 18% to 24% that will be set at pricing. Investors will be fully exposed to any losses.
The notes (Cusip: 06741TTE7) will price and settle in April.
Barclays is the underwriter.
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