| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers S > Headlines for S&P 500 index > News item |
Barclays plans 0% buffered return enhanced notes linked to S&P 500
By Toni Weeks
San Diego, March 20 - Barclays Bank plc plans to price 0% buffered return enhanced notes due April 10, 2013 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the index, subject to a maximum return of at least 11.54% that will be set at pricing.
Investors will receive par if the index declines by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.
The notes (Cusip: 06738KZ95) are expected to price March 23 and settle March 28.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA will act as placement agents.
© 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.