Barclays plans six-year protected notes linked to S&P BRIC 40 index

By Toni Weeks

San Diego, July 7 - Barclays Bank plc plans to price 0% notes due July 31, 2017 linked to the S&P BRIC 40 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial level, the payout at maturity will be par plus the index return, subject to a maximum return of 42% to 54%. The exact cap will be set at pricing.

Investors will receive a minimum of par should the index decline.

The notes (Cusip: 06738KNF4) are expected to price on July 26 and settle on July 29.

Barclays Capital Inc. 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.