Barclays plans notes tied to Voyager II, Alpha Trading Strategy indexes

By Angela McDaniels

Tacoma, Wash., May 26 - Barclays Bank plc plans to price 0% notes due June 5, 2014 linked to a basket holding the Barclays Capital Voyager II DJ-UBSCI Total Return index and the Barclays Capital Commodity Based Alpha Trading Strategy VOLT 10 Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.

The initial basket level is 100. The final basket level will be 100 plus the returns of the indexes minus 5.75%.

If the intraday value of the basket falls to less than 40% of its initial value at any time during the life of the notes, the payout at maturity will be par plus the intraday basket return on the trigger date. Otherwise, the payout will be par plus the basket return on the final valuation date, which could be positive or negative.

The Voyager II index is designed to provide investors with exposure to commodities markets while seeking to limit the potential downside of investing in commodities. The commodities underlying the index as selected to correspond to the commodities included in the Dow Jones - UBS Commodity index. The index consists of positions in either one or two of the following indexes for the relevant commodity: Barclays Capital Single Commodity Nearby Excess Return indexes, Barclays Capital Momentum Alpha indexes, Barclays Capital Roll Yield indexes and Barclays Capital Seasonal indexes.

The Alpha Trading Strategy index seeks to capture returns from the potential relative outperformance of notional weighted long positions in certain Momentum Alpha indexes compared with equivalent notional weighted short positions in corresponding single-commodity Barclays Capital Nearby Excess Return indexes.

The notes (Cusip: 06738KKV2) are expected to price May 31 and settle June 3.

Barclays Capital Inc. is the agent.

© 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.