Barclays plans buffered digital plus notes linked to currencies vs. euro via JPMorgan

By Jennifer Chiou

New York, May 26 - Barclays Bank plc plans to price 0% buffered digital plus notes due May 31, 2012 linked to the performance of a basket of currencies relative to the euro, 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 South Korean won, Indonesian rupiah and Singapore dollar.

If the basket appreciates relative to the euro, the payout at maturity will be par plus the greater of the gain and 24%. Investors will receive par if the basket depreciates relative to the euro by 5% or less and will lose 1.0525% for every 1% that it declines beyond 5%.

The notes are expected to price on May 28 and settle on June 3.

© 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.