Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers O > Headlines for Occidental Petroleum Corp. > News item |
Barclays plans 14-month Accelerated Return Notes tied to energy stocks
By Marisa Wong
Madison, Wis., Dec. 26 – Barclays Bank plc plans to price 0% Accelerated Return Notes due March 2016 linked to basket of three equally weighted energy sector stocks, according to an FWP filing with the Securities and Exchange Commission.
The underlying companies are Exxon Mobil Corp., Occidental Petroleum Corp. and Hess Corp.
The payout at maturity will be par of $10 plus triple any basket gain, up to a maximum return of 16% to 22%. The exact cap will be set at pricing.
Investors will be exposed to any losses.
BofA Merrill Lynch is the agent.
The notes will price and settle in January.
© 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.