Barclays plans seven-year protected notes tied to basket of 10 stocks

By Susanna Moon

Chicago, Dec. 6 - Barclays Bank plc plans to price notes due Dec. 31, 2019 linked to a basket of 10 equally weighted stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying companies are Starbucks Corp., Freeport-McMoRan Copper & Gold Inc., YUM! Brands, Inc., Eli Lilly and Co., Walgreen Co., Silver Wheaton Corp., Progressive Corp., Southern Copper Corp., Darden Restaurants, Inc. and Northeast Utilities, Inc.

The coupon will be the average of the stock performances, with a minimum of 1%. If a stock's return is zero or positive, its performance will be fixed at 6% to 8%. If a stock's return is negative, its performance will be the greater of the stock return and negative 20%. Interest is payable annually.

The payout at maturity will be par plus the final coupon.

Barclays is the agent.

The notes will price on Dec. 26 and settle on Dec. 31.

The Cusip number is 06741TKY2.

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