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Barclays to price Accelerated Return Notes tied to General Motors
By Toni Weeks
San Luis Obispo, Calif., Aug. 29 – Barclays Bank plc plans to price 0% Accelerated Return Notes due September 2015 linked to the common stock of General Motors Co., according to an FWP filing with the Securities and Exchange Commission.
If the stock return is positive, the payout at maturity will be par plus 300% of the stock return, subject to a maximum return of 20% to 24% that will be set at pricing.
Investors will share fully in any losses.
BofA Merrill Lynch is the agent.
The notes are expected to price and settle in September.
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