Barclays plans six-year protected Mitts with cap tied to the Dow

By Susanna Moon

Chicago, Nov. 14 – Barclays Bank plc plans to price 0% Market Index Target-Term Securities due November 2024 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus any index gain, up to a maximum return of 50% to 70%. The exact cap will be set at pricing.

If the index falls, the payout will be par.

The notes will be guaranteed by Bank of America Corp.

BofA Merrill Lynch is the agent.

The notes will price in November and settle in December.

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