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Barclays plans five-year notes linked to basket of four indexes
By Toni Weeks
San Diego, Aug. 14 - Barclays Bank plc plans to price 0% notes due Aug. 22, 2017 linked to a basket of four equally weighted indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying indexes are the S&P 500 index, the Euro Stoxx 50 index, the Hang Seng index and the S&P BRIC 40 index.
The basket return will be the average of the index returns of each basket component on the quarterly averaging dates.
The payout at maturity will be par plus the basket return.
If the basket falls, the payout will be par.
Barclays will be the agent.
The notes will price Aug. 15 and settle Aug. 20.
The Cusip number is 06741TEH6.
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