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Barclays plans return optimization securities linked to three ETFs
By Angela McDaniels
Tacoma, Wash., Nov. 18 - Barclays Bank plc plans to price 0% return optimization securities with contingent protection due March 31, 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 Emerging Markets index fund with a 40% weight, the iShares MSCI EAFE index fund with a 30% weight and the SPDR S&P 500 ETF trust with a 30% weight.
The payout at maturity will be par of $10 plus 2.5 times any basket gain, subject to a maximum return of 49% to 57% that will be set at pricing.
If the basket return is between zero and negative 30%, the payout will be par.
If the basket return is less than negative 30%, the payout will be par plus the basket return.
The securities (Cusip 06738G720) are expected to price Dec. 28 and settle Dec. 31.
UBS Financial Services Inc. and Barclays Capital Inc. are the agents.
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