Barclays aims to sell Accelerated Return Notes linked to index basket

By Devika Patel

Knoxville, Tenn., Jan. 9 – Barclays Bank plc plans to price 0% Accelerated Return Notes due March 2018 linked to a basket of indexes, according to an FWP filing with the Securities and Exchange Commission.

The basket components are the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, the Nikkei Stock Average index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the Hang Seng index with a 5% weight.

The payout at maturity will be par of $10 plus triple any basket gain, up to a maximum return of 16% to 20%. The exact cap will be set at pricing.

Investors will lose 1% for each 1% decline.

BofA Merrill Lynch is the agent.

The notes will price in January and settle in February.

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