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Barclays plans 6.05%-6.35% callable yield notes on S&P 500, Russell
By Susanna Moon
Chicago, Aug. 28 - Barclays Bank plc plans to price 6.05% to 6.35% callable yield notes due Sept. 6, 2017 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The notes are callable at par plus accrued interest on any interest payment date beginning on Sept. 6, 2013.
If the notes are not called, the payout at maturity will be par unless the lesser-performing index finishes below the 50% barrier level, in which case investors will receive the return of the least-performing component.
Barclays is the agent.
The notes will price on Aug. 31 and settle on Sept. 6.
The Cusip number is 06741TFC6.
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