Barclays plans 14-month Accelerated Return Notes tied to index basket

By Tali Rackner

Norfolk, Va., Dec. 24 – Barclays Bank plc plans to price 0% Accelerated Return Notes due March 2017 linked to an international equity index basket, according to an FWP filing with the Securities and Exchange Commission.

The basket is composed of the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, the Nikkei Stock Average index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the Hang Seng index with a 5% weight.

If the basket return is positive, the payout at maturity will be par of $10 plus three times the basket return, subject to a maximum return that is expected to be 11% to 15% and will be set at pricing.

Investors will lose 1% for every 1% decline in the basket.

Barclays is the agent.

The notes will price in January and settle in February.

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