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Barclays plans principal-protected notes linked to S&P BRIC 40 index
By Jennifer Chiou
New York, May 26 - Barclays Bank plc plans to price zero-coupon 100% principal-protected notes due June 30, 2016 linked to the S&P BRIC 40 index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, up to maximum return of 48% to 54%. The exact cap will be set at pricing.
Investors will receive at least par.
The notes will price on June 25 and settle on June 30.
Barclays Capital Inc. is the agent.
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