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Barclays plans notes linked to Stoxx 50 index with step up payment
New York, March 16 – Barclays Bank plc plans to price 0% notes due March 2019 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes at or above 90% of its initial level the payout will be par plus a fixed return of 16.5% to 20.5%. The exact return will be set at pricing.
Otherwise, investors will lose 1% for every 1% index decline below 90% of the initial level.
Merrill Lynch & Co. is the agent.
The notes will price and settle in March.
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