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Barclays plans to price notes linked to Dow Jones Industrial Average
By Toni Weeks
San Diego, May 4 - Barclays Bank plc plans to price notes due Nov. 30, 2017 linked to the Dow Jones Industrial Average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will accrue interest at 0.3% to 1% per year. The exact coupon will be set at pricing. Interest is payable annually on May 31 of each year.
The payout at maturity will be par plus the index return, subject to a maximum return of 52% to 65%. The actual maximum return will be set at pricing.
Investors will receive a minimum of par at maturity.
The notes (Cusip: 06738KJB8) are expected to price on May 25 and settle May 31.
Barclays Capital Inc. is the agent.
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