Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers B > Headlines for Barclays Bank plc > News item |
Barclays Bank to price 98% principal-protected notes tied to BRIC currencies
By Angela McDaniels
Tacoma, Wash., June 30 - Barclays Bank plc plans to price zero-coupon 98% principal-protected notes due July 7, 2011 linked to a basket of currencies, according to an FWP filing with the Securities and Exchange Commission.
JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc. are the agents.
The basket includes equal weights of the Brazilian real, Russian ruble, Indian rupee and Chinese renminbi.
The payout at maturity will be 98% of par plus at least 1.65 times any appreciation in the basket relative to the dollar, subject to a maximum return of at least 22.75%. The exact upside leverage factor and cap will be set at pricing.
If the basket depreciates relative to the dollar, the payout will be 98% of par.
The notes are expected to price July 1 and settle July 7.
© 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.