Barclays plans 14-month Accelerated Return Notes on Financial Select

By Susanna Moon

Chicago, May 24 - Barclays Bank plc plans to price 0% Accelerated Return Notes due August 2012 linked to the Financial Select Sector index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10.00 plus triple any gain in the index, up to a cap of $11.30 to $11.70 per note. The exact amount will be set at pricing.

Investors will be exposed to any losses.

Bank of America Merrill Lynch and Barclays Capital Inc. are the underwriters.

The notes are expected to price in June and settle in July.

© 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.