Barclays plans 0% Accelerated Return Notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Nov. 2 - Barclays Bank plc plans to price 0% Accelerated Return Notes due January 2013 linked to the S&P 00 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any index gain, subject to a maximum return of 16% to 20%. The exact cap will be set at pricing. Investors will be fully exposed to any decrease in the index level.

The notes are expected to price and settle in November.

Bank of America Merrill Lynch is the agent.

© 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.