Barclays plans to price notes due 2019 linked to basket of funds

By Sarah Lizee

Olympia, Wash., Sept. 10 – Barclays Bank plc plans to price 0% notes due Nov. 14, 2019 linked to a basket of exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the SPDR S&P 500 ETF Trust with a 50% weight, the SPDR S&P MidCap 400 ETF Trust with a 35% weight and the iShares Russell 2000 ETF with a 15% weight.

The payout at maturity will be par plus any gain in the basket, capped at par plus 10.5%.

Investors will receive par if the basket declines by up to 15% and will lose 1% for every 1% decline beyond the 15% buffer.

Barclays is the agent.

The notes will price on Sept. 11 and settle on Sept. 14.

The Cusip number is 06746XQM8.

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