Barclays to price capped market plus notes tied to Australian dollar

By Jennifer Chiou

New York, April 10 - Barclays Bank plc plans to price 0% capped market plus notes due Oct. 18, 2012 linked to the performance of the Australian dollar relative to the U.S. dollar, according to an FWP with the Securities and Exchange Commission.

If the currency return is at or greater than 92.5% of the initial rate, the payout at maturity will be par plus the greater of the currency return and the 4.25% contingent minimum return. Gains will be capped at 6%.

Investors will share in losses.

The notes (Cusip: 06738K3H2) are expected to price on April 13 and settle on April 18.

Barclays Capital Inc. is the agent with J.P. Morgan Chase Bank, NA and J.P. Morgan Securities LLC as dealers.

© 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.