Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers B > Headlines for Barclays Bank plc > News item |
Barclays plans to price 0% return enhanced notes linked to S&P 500
By Toni Weeks
San Luis Obispo, Calif., Feb. 20 - Barclays Bank plc plans to price 0% return enhanced notes due March 12, 2014 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the index, subject to a maximum return of at least 15.5%.
Investors will be fully exposed to any losses.
The final index level will be the average of the closing index levels on the five trading days ending March 7, 2014.
The exact terms will be set at pricing.
The notes (Cusip: 06741TPL5) are expected to price Feb. 22 and settle Feb. 27.
Barclays will be the underwriter with JPMorgan 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.