Barclays plans six-month Stars linked to Brent crude oil via Merrill

By Susanna Moon

Chicago, March 18 - Barclays Bank plc plans to price 0% Strategic Accelerated Redemption Securities due October 2013 linked to the Brent crude oil futures contract, according to an FWP with the Securities and Exchange Commission.

BofA Merrill Lynch is the agent.

The notes will be called at par of $10 plus an annualized call premium of 10% to 14% if the price of oil closes at or above the initial price on the observation date.

If the notes are not called and the final share price is at least the initial share price, the payout at maturity will be par.

Otherwise, investors will be fully exposed to any losses.

The notes are expected to price in March and settle in April.

© 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.