Barclays plans Stars linked to basket of iShares MSCI EAFE, EM funds

By Marisa Wong

Madison, Wis., Feb. 4 - Barclays Bank plc plans to price 0% Strategic Accelerated Redemption Securities due March 2015 tied to a basket of two equally weighted funds, according to an FWP filing with the Securities and Exchange Commission.

The basket consists of the iShares MSCI EAFE exchange-traded fund and the iShares MSCI Emerging Markets exchange-traded fund.

If the basket closes at or above the initial level on any observation date, the notes will be called at par plus a call premium of 9% to 13% per year. The observation dates will be in August 2014, November 2014 and March 2015.

If the notes are not called, the payout at maturity will be par plus the basket return, with full exposure to losses.

BofA Merrill Lynch is the underwriter.

The exact deal terms will be set at pricing.

The notes will price in February and settle in March.

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