E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 5/4/2011 in the Prospect News Structured Products Daily.

Barclays plans to price notes linked to Dow Jones Industrial Average

By Toni Weeks

San Diego, May 4 - Barclays Bank plc plans to price notes due Nov. 30, 2017 linked to the Dow Jones Industrial Average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will accrue interest at 0.3% to 1% per year. The exact coupon will be set at pricing. Interest is payable annually on May 31 of each year.

The payout at maturity will be par plus the index return, subject to a maximum return of 52% to 65%. The actual maximum return will be set at pricing.

Investors will receive a minimum of par at maturity.

The notes (Cusip: 06738KJB8) are expected to price on May 25 and settle May 31.

Barclays Capital Inc. is the 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.