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Barclays plans 14-month Accelerated Return Notes tied to stock basket
By Susanna Moon
Chicago, June 12 – Barclays Bank plc plans to price 0% Accelerated Return Notes due August 2016 linked to a basket of three equally weighted energy sector stocks, according to an FWP filing with the Securities and Exchange Commission.
The underlying stocks are ConocoPhillips, Helmerich & Payne, Inc. and Exxon Mobil Corp.
The payout at maturity will be par plus triple any basket gain, up to a maximum return of 20% to 24%. The exact cap will be set at pricing.
Investors will be exposed to any losses.
BofA Merrill Lynch is the agent.
The notes will price in June and settle in July.
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