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Barclays plans capped gears due 2017 linked to S&P 500 index
By Marisa Wong
Morgantown, W.Va., Sept. 13 – Barclays Bank plc plans to price 0% capped gears due Nov. 30, 2017 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 12% to 14.4%. The exact cap will be set at pricing.
Investors will be fully exposed to any losses.
UBS Financial Services Inc. and Barclays are the agents.
The notes will price on Sept. 27 and settle on Sept. 30.
The Cusip number is 06745B524.
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