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Barclays plans market-linked step-up notes on euro equity basket
By Wendy Van Sickle
Columbus, Ohio, Aug. 21 – Barclays Bank plc plans to price market-linked step-up notes due August 2019 linked to a basket of the Euro Stoxx 50 index with a 70% weight and the Euro Stoxx Mid index with a 30% weight, according to a 424B2 filing with the Securities and Exchange Commission.
If the basket finishes above the step-up level, 124.5% to 130.5% of the initial level, the payout at maturity will be par plus the gain.
If the basket gains by up to the step-up level, the payout will be par plus the step-up return of 24.5% to 30.5%.
Otherwise, investors will receive par plus the return with exposure to any losses.
BofA Merrill Lynch is the agent.
The notes will price and settle in August.
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