Barclays to price performance securities tied to index basket via UBS

By Marisa Wong

Madison, Wis., Oct. 7 - Barclays Bank plc plans to price 0% performance securities with contingent protection due Oct. 30, 2015 linked to a basket of indexes, according to an FWP filing with the Securities and Exchange Commission.

The basket includes the S&P MidCap 400 index with an 80% weight and the S&P SmallCap 600 index with a 20% weight.

The payout at maturity will be par of $10 plus 105% of any basket gain.

Investors will receive par if the basket finishes at or above 58.5% to 68.5% of the initial level. The exact trigger level will be set at pricing. If the basket falls below the trigger level, investors will be fully exposed to the decline from the initial level.

The securities (Cusip: 06740L113) will price on Oct. 26 and settle on Oct. 29.

UBS Financial Services Inc. and Barclays Capital Inc. are the underwriters.

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