Barclays plans capped leveraged return notes linked to gold via Merrill

By Jennifer Chiou

New York, Jan. 25 - Barclays Bank plc plans to price capped Leveraged Index Return Notes due March 2015 linked to the gold spot price, according to an FWP with the Securities and Exchange Commission.

Bank of America Merrill Lynch is the agent.

The payout at maturity will be par of $10 plus double any gain in the price of gold, up to a return of 14% to 18%. The exact maximum return will be set at pricing.

Investors will receive par if the index falls by up to 5% and will be exposed to any losses beyond 5%.

The notes are expected to price in February and settle in March.

© 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.