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Barclays intends to sell Accelerated Return Notes linked to Facebook
By Devika Patel
Knoxville, Tenn., Aug. 17 – Barclays Bank plc plans to price 0% Accelerated Return Notes due September 2017 linked to Facebook Inc. common stock, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any gain, up to a maximum return of 17% to 21%. The exact cap will be set at pricing.
Investors will lose 1% for each 1% decline.
Merrill Lynch & Co. is the agent.
The notes will price and settle in September.
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