Barclays plans Accelerated Return Notes on industrial sector stocks

By Marisa Wong

Madison, Wis., June 3 - Barclays Bank plc plans to price 0% Accelerated Return Notes due August 2015 linked to a basket of four industrial sector stocks, according to an FWP filing with the Securities and Exchange Commission.

The equally weighted basket includes Caterpillar Inc., Fluor Corp., Honeywell International Inc. and Masco Corp.

The payout at maturity will be par of $10 plus triple any gain in the basket, subject to a maximum return of 13% to 17%. Investors will be fully exposed to any decline in the basket.

BofA Merrill Lynch is the agent.

The notes will price and settle in June.

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