Barclays plans principal-protected notes linked to basket of indexes

By Marisa Wong

Milwaukee, Feb. 3 - Barclays Bank plc plans to price zero-coupon 100% principal-protected notes due Feb. 29, 2016 linked to the performance of a basket of equity indexes, according to an FWP filing with the Securities and Exchange Commission.

The equally weighted basket includes the S&P 500 index, the Dow Jones Euro Stoxx 50 index and the Nikkei 225 index.

The payout at maturity will be par plus the basket return, subject to a maximum cap of at least 45% to 60%, if the return is positive. The exact cap will be set at pricing.

The payout at maturity will be par if the basket return is negative or equal to 0%.

The notes are expected to price Feb. 23 and settle Feb. 26.

Barclays Capital Inc. is the agent.

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