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Barclays plans 0% buffered return enhanced notes linked to MSCI EAFE
By Marisa Wong
Madison, Wis., March 26 - Barclays Bank plc plans to price 0% buffered return enhanced notes due April 16, 2014 linked to the MSCI EAFE index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any gain in the index, subject to a maximum return that is expected to be 9.9%.
Investors will receive par if the index declines by up to 10% and will lose 1.1111% for every 1% decline beyond the 10% buffer.
The final index level will be the average of the closing index level on the five trading days ending April 11, 2014.
The exact terms will be set at pricing.
The notes (Cusip: 06741TRT6) are expected to price March 28 and settle April 3.
Barclays will be the underwriter with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as dealers.
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