Barclays plans Accelerated Return Notes linked to technology stocks

By Susanna Moon

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

The underlying companies are Apple Inc., Facebook, Inc. and Yahoo! Inc.

The payout at maturity will be par of $10 plus triple any gain in the basket, up to a maximum return of 19% to 23%. 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 March and settle in April.

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