Barclays plans currency Mitts on Mexican peso and real vs. euro

By Jennifer Chiou

New York, March 20 – Barclays Bank plc plans to price 0% currency Market Index Target-Term Securities due March 2017 linked to equal weights of the Brazilian real and the Mexican peso relative to the euro, according to an FWP with the Securities and Exchange Commission.

If the underlying currency basket strengthens relative to the euro, the exchange rate will increase.

The payout at maturity will be par of $10 plus 1.45 to 1.65 times any basket gain. The exact participation rate will be set at pricing.

Investors will share in losses, with a minimum payout of $9 per note.

The notes will price in March and settle in April.

BofA Merrill Lynch is the agent.

© 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.