Barclays plans market-linked step-up notes linked to index basket

Chicago, Dec. 28 – Barclays Bank plc plans to price 0% two-year market-linked step-up notes linked to an international equity index basket, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the Euro Stoxx 50 index with an initial weight of 40%, the FTSE 100 index with an initial weight of 20%, the Nikkei 225 index with an initial weight of 20%, the Swiss Market index with an initial weight of 7.5%, the S&P/ASX 200 index with an initial weight of 7.5% and the Hang Seng index with an initial weight of 5%.

If the basket finishes at or above the step-up value – 128% to 134% of the initial level – the payout at maturity will be par of $10 plus the return of the basket. The exact step-up value will be set at pricing.

If the basket is unchanged or gains by up to the step-up level, the payout will be par plus the step-up payment of 28% to 34%.

Investors will be exposed to any decline in the basket value.

Barclays and Merrill Lynch, Pierce, Fenner & Smith Inc. are the agents.

The notes will price and settle in January.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.