Barclays plans six-month autocallable notes linked to palladium

By Toni Weeks

San Diego, Feb. 7 - Barclays Bank plc plans to price 0% autocallable notes due Aug. 15, 2012 linked to palladium, according to an FWP filing with the Securities and Exchange Commission.

The notes will be called at par plus an annualized call return of 6.4% if the price of palladium closes at or above the initial price on any trading day beginning May 10.

The payout at maturity will be par if the palladium price finishes at or above 80% of the initial price.

Otherwise, investors will be exposed to any losses from the initial price.

The notes (Cusip: 06738KP47) are expected to price Feb. 10 and settle Feb. 15.

Barclays Capital Inc. will be the agent with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as distributors.

© 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.