Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers C > Headlines for corn > News item |
Barclays plans capped market plus notes tied to basket of commodities
By Toni Weeks
San Diego, Dec. 4 - Barclays Bank plc plans to price 0% capped market plus notes due June 12, 2014 linked to a basket of commodities, according to an FWP filing with the Securities and Exchange Commission.
The equally weighted basket components are Brent crude oil, corn, palladium and copper.
If the final basket level is greater than or equal to 75% of the initial basket level, the payout at maturity will be par plus the greater of 5% and the basket return, subject to a maximum return of at least 11% that will be set at pricing. Otherwise, investors will be fully exposed to the basket decline.
The notes (Cusip: 06741TLH8) are expected to price Dec. 7 and settle Dec. 12.
Barclays is the agent, and J.P. Morgan Chase Bank, NA and JPMorgan Securities LLC are dealers.
© 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.