Barclays to price six-month trigger jump securities linked to Apple

By Angela McDaniels

Tacoma, Wash., April 3 - Barclays Bank plc plans to price 0% trigger jump securities due Nov. 4, 2013 linked to the common stock of Apple Inc., according to an FWP filing with the Securities and Exchange Commission.

If the final share price is greater than or equal to the initial share price, the payout at maturity will be par of $10 plus the upside payment, which is expected to be 10.75% to 14.75% and will be set at pricing. Investors will receive par if the share price declines by 10% or less and will be fully exposed to the stock's decline from the initial share price if it declines by more than 10%.

Barclays is the agent with Morgan Stanley Smith Barney LLC as dealer.

The notes will price April 30 and settle May 3.

The Cusip number is 06742C459.

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