Barclays plans market plus notes due 2015 linked to Euro Stoxx 50

By Toni Weeks

San Luis Obispo, Calif., Nov. 6 - Barclays Bank plc plans to price 0% market plus notes due May 13, 2015 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

If the index finishes at or above the barrier level, 81% of the initial level, the payout at maturity will be par plus the greater of any gain and the contingent minimum return of 0%.

Otherwise, the payout will be par plus the index return, with full exposure to losses.

The final index level will be the average of the closing levels on the five trading days ending May 8, 2015.

Barclays is the underwriter. JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are dealers.

The notes will price Nov. 8 and settle Nov. 14.

The Cusip number is 06741TX36.

© 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.