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Barclays plans performance securities linked to iShares MSCI ETFs
By Angela McDaniels
Tacoma, Wash., Oct. 6 - Barclays Bank plc plans to price 0% performance securities with contingent protection due Oct. 30, 2015 linked to a basket of exchange-traded funds, according to an FWP filing with the Securities and Exchange Commission.
The basket includes the iShares MSCI EAFE index fund with a 70% weight and the iShares MSCI Emerging Markets index fund with a 30% weight.
The payout at maturity will be par of $10 plus 104% to 114% of any increase in the basket. The exact participation rate will be set at pricing.
If the basket return is between 0% and negative 50%, the payout will be par.
If the basket return is less than negative 50%, the payout will be par plus the basket return.
The notes (Cusip 06740L121) are expected to price Oct. 26 and settle Oct. 29.
UBS Financial Services Inc. and Barclays Capital Inc. are the underwriters.
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