Barclays plans buffered return enhanced notes linked to four funds

By Susanna Moon

Chicago, April 14 - Barclays Bank plc plans to price 0% buffered return enhanced notes due April 30, 2018 linked to a basket of funds, according to a 424B2 filing with the Securities and Exchange.

The basket consists of the iShares MSCI EAFE index fund with a 46% weight, the SPDR S&P MIDCAP 400 exchange-traded fund trust with a 23% weight, the iShares Russell 2000 ETF with a 19% weight and the iShares MSCI Emerging Markets ETF with a 12% weight.

If the basket falls by up to 25%, the payout at maturity will be par plus 1.85 to 2.05 times the average basket return.

Otherwise, investors will receive an amount equal to par (i) minus 1.3333% for each 1% decline beyond 25% (ii) plus 1.85 to 2.05 times the average basket return.

Barclays is the agent.

The notes will price on April 25 and settle on April 30.

The Cusip number is 06741UCE2.

© 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.