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Barclays plans to price market plus notes tied to Euro Stoxx 50
By Marisa Wong
Madison, Wis., Oct. 2 - Barclays Bank plc plans to price 0% market plus notes due April 8, 2015 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index never closes below the barrier level, 81.5% of the initial level, during the life of the notes, the payout at maturity will be par plus the greater of zero and the index return. Otherwise, investors will receive par plus the index return, which could be positive or negative.
The final index level will be the average of the closing levels of the index on the five averaging dates ending April 2, 2015.
Barclays is the underwriter with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents.
The notes are expected to price Oct. 4 and settle Oct. 9.
The Cusip number is 06741TR58.
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