Barclays plans capped buffered return enhanced notes on Stoxx Europe

By Marisa Wong

Morgantown, W.Va., March 15 – Barclays Bank plc plans to price 0% capped return enhanced notes due April 18, 2018 linked to the Stoxx Europe 600 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any index gain, up to a maximum return of 14.85%.

If the index finishes flat or falls by up to 10%, the payout will be par. Otherwise, investors will lose 1.1111% for every 1% decline beyond 10%.

Barclays is the underwriter with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents.

The notes will price on March 17.

The Cusip number is 06741VP89.

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