Barclays plans Accelerated Return Notes linked to financial stocks

By Susanna Moon

Chicago, Feb. 14 - Barclays Bank plc plans to price 0% Accelerated Return Notes due April 2015 linked to a basket of three equally financial sector stocks, according to an FWP filing with the Securities and Exchange Commission.

The underlying companies are Citigroup Inc., JPMorgan Chase & Co. and Wells Fargo & Co.

The payout at maturity will be par of $10 plus triple any gain in the basket, up to a maximum return of 15% to 19%. The exact cap will be set at pricing.

Investors will be fully exposed to any losses.

BofA Merrill Lynch is the agent.

The notes will price in February and settle in March.

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