Barclays plans to price capped market plus notes linked to Apple

By Toni Weeks

San Luis Obispo, Calif., Feb. 24 – Barclays Bank plc plans to price 0% capped market plus notes due Aug. 30, 2016 linked to Apple Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

If Apple stock finishes at or above the 80% barrier level, the payout at maturity will be par plus the greater of any gain and a digital return of 11%.

Otherwise, the payout at maturity will be a number of Apple shares equal to $1,000 divided by the initial price or, at the issuer’s option, the cash value of those shares.

The notes (Cusip: 06741WAF7) are expected to price Feb. 25 and settle March 2.

Barclays is the agent.

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