Barclays to price ETF Plus notes linked to iShares MSCI Emerging Markets

By Angela McDaniels

Tacoma, Wash., Nov. 8 - Barclays Bank plc plans to price an offering of ETF Plus notes due 2008 linked to the iShares MSCI Emerging Markets index fund, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus the coupon plus the fund's share price return.

The coupon will be a fixed percentage - which is expected to be 1.5% to 2.25% and will be determined at pricing - plus the apportioned dividends, which will equal the dividends paid per share during the life of the notes multiplied by the number of shares represented by each note.

Each note will represent a number of shares equal to par divided by the initial share price.

Barclays Capital Inc. will be the agent.

© 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.