Barclays plans capped notes with 95% floor tied to S&P, Russell

By Emma Trincal

New York, Nov. 5 – Barclays Bank plc plans to price 0% notes due Nov. 30, 2021 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its initial level, the payout at maturity will be par plus 150% of the return of the lesser performing index subject to a cap between 23% and 25%. The exact cap will be set at pricing.

If the final level of the least performing index is less than or equal to its initial level, the payout will be par plus the return subject to a minimum payout of 95% of par.

Barclays is the agent.

The notes will price on Nov. 30 and settle on Dec. 5.

The Cusip is 06746XX73.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.