Barclays plans to price 0% return enhanced notes linked to S&P 500

By Toni Weeks

San Luis Obispo, Calif., Oct. 23 - Barclays Bank plc plans to price 0% return enhanced notes due Nov. 13, 2014 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 14.8%.

Investors will be fully exposed to any losses.

The final index level will be the average of the closing index level on the five trading days ending Nov. 7, 2014.

The notes (Cusip: 06741TU96) are expected to price Oct. 25 and settle Oct. 30.

Barclays is the underwriter with J.P. Morgan Securities LLC as placement agent.

© 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.