Barclays plans to price return optimization notes tied to S&P 500

By Toni Weeks

San Luis Obispo, Calif., April 6 – Barclays Bank plc plans to price 0% return optimization securities due May 31, 2016 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 3 times the index return, subject to a maximum return of 10% to 12% that will be set at pricing.

Investors will be fully exposed to any losses.

UBS Financial Services Inc. and Barclays are the agents.

The notes will price April 27 and settle April 30.

The Cusip number is 06743P574.

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