Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers I > Headlines for Indian rupee > News item |
Barclays plans to price notes linked to rupee relative to euro
By Marisa Wong
Madison, Wis., March 12 – Barclays Bank plc plans to price 0% notes due Oct. 18, 2016 linked to the Indian rupee relative to the euro, according to a 424B2 filing with the Securities and Exchange Commission.
If the currency return is positive, the payout at maturity will be par plus the gain.
If the currency return is greater than or equal to negative 20%, the payout at maturity will be par.
If the currency return is less than negative 20%, investors will lose 1% for every 1% decline beyond the 20% buffer.
Barclays is the agent.
The notes will price on March 13 and settle on March 18.
The Cusip number is 06741USQ8.
© 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.