E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 10/30/2009 in the Prospect News Structured Products Daily.

Barclays plans to sell 0% principal-protected notes tied to S&P index

By Susanna Moon

Chicago, Oct. 30 - Barclays Bank plc plans to price zero-coupon 100% principal-protected notes due Nov. 30, 2015 linked to the S&P index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain, up to a maximum return of 55% to 60%. The exact cap will be set at pricing.

Investors will receive at least par.

The notes will price on Nov. 24 and settle on Nov. 30.

Barclays Capital Inc. is 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.