Barclays plans performance securities on two iShares MSCI index funds

By Jennifer Chiou

New York, Aug. 16 - Barclays Bank plc plans to price 0% performance securities with contingent protection due Aug. 31, 2015 linked to a basket of exchange-traded funds, according to an FWP 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 118% to 125% of any basket gain. The exact rate will be set at pricing.

The payout will be par if the basket falls by 50% or less. If the basket declines by more than 50%, investors will be fully exposed to the decline from the initial level.

The securities (Cusip 06740L246) will price on Aug. 24 and settle on Aug. 31.

UBS Financial Services Inc. and Barclays Capital Inc. are the underwriters.

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