Barclays plans to price 0% notes tied to basket of two Asian indexes

By Toni Weeks

San Luis Obispo, Calif., Sept. 4 – Barclays Bank plc plans to price 0% notes due March 29, 2018 linked to a basket containing equal weights of the Hang Seng China Enterprises index and the MSCI Taiwan Price index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final basket level is greater than the initial level, the payout at maturity will be par plus 1.25 times the basket return. Investors will receive par if the basket falls by up to 25% and will be fully exposed to losses from the initial level if the basket falls by more than 25%.

The notes (Cusip: 06741UJF2) are expected to price Sept. 25 and settle Sept. 30.

Barclays is the underwriter.

© 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.