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Barclays plans airbag return optimization notes tied to Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., May 5 - Barclays Bank plc plans to price 0% airbag return optimization securities due May 31, 2017 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index's return is positive, the payout at maturity will be par plus 150% of the index's return, subject to a maximum return of 31% to 41% that will be set at pricing. Investors will receive par if the index declines by 20% or less and will lose 1.25% for every 1% that the index declines beyond 20%.
UBS Financial Services Inc. and Barclays are the agents.
The notes are expected to price May 28 and settle May 30.
The Cusip number is 06742K378.
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