Barclays plans to price Accelerated Return Notes on basket of tech stocks

By Emma Trincal

New York, Dec. 10 – Barclays Bank plc plans to price 0% Accelerated Return Notes due February 2022 linked to an equally-weighted basket of technology sector stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the common stocks of Facebook, Inc., Amazon.com, Inc., Apple Inc., Netflix, Inc. and Alphabet Inc.

The payout at maturity will be par of $10 plus 300% of any basket gain, subject to a maximum return of 19.2% to 23.2%. The exact cap will be set at pricing.

Investors will be exposed to any basket decline.

BofA Securities, Inc. is the underwriter.

The notes will price in December.

© 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.