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Barclays to price 18-month notes with barrier linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., Aug. 14 - Barclays Bank plc plans to price 0% notes due Feb. 26, 2014 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index's closing level is greater than or equal to the barrier level, 59% of the initial index level, on each day during the life of the notes, the payout at maturity will be par plus the greater of the index return and zero. Otherwise, the payout will be par plus the index return, which could be positive or negative.
Barclays is the agent with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as dealers.
The notes are expected to price Aug. 17 and settle Aug. 22.
The Cusip number is 06741TEJ2.
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