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Barclays to price Accelerated Return Notes linked to Apple stock
By Jennifer Chiou
New York, May 14 - Barclays Bank plc plans to price 0% Accelerated Return Notes due June 2015 linked to the common stock of Apple Inc., according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any increase in the stock, subject to a maximum return of 18% to 22% that will be set at pricing. Investors will be fully exposed to any decline in the stock.
The notes are expected to price in May and settle in June.
BofA Merrill Lynch is the agent.
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