Barclays plans 0% Accelerated Return Notes linked to Energy Select

By Toni Weeks

San Diego, March 2 - Barclays Bank plc plans to price 14-month 0% Accelerated Return Notes due May 2012 linked to the Energy Select Sector 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, subject to a maximum return of 15% to 19%. The exact cap will be set at pricing. Investors will be fully exposed to any decrease in the index level.

Merrill Lynch & Co. will act as agent.

The notes are expected to price in March and settle in April.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.