Published on 9/30/2014 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $11.47 million Accelerated Return Notes linked to Euro Stoxx 50
By Susanna Moon
Chicago, Sept. 30 – Barclays Bank plc priced $11.47 million of 0% Accelerated Return Notes due Sept. 30, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 300% of any index gain, up to a maximum return of 20.25%. The starting value will be the lowest level of the index during a two-month period beginning at pricing.
Investors will be exposed to any losses.
BofA Merrill Lynch is the agent.
Issuer: | Barclays Bank plc
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Issue: | Accelerated Return Notes
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Underlying index: | Euro Stoxx 50
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Amount: | $11,468,090
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Maturity: | Sept. 30, 2016
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Coupon: | 0%
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Price: | Par of $10.00
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Payout at maturity: | Par plus 300% of any index gain, capped at 20.25%; exposure to any losses
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Initial level: | Lowest level from pricing through Nov. 25, 2014
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Pricing date: | Sept. 25
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Settlement date: | Oct. 2
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Agent: | BofA Merrill Lynch
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Fees: | 2%
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Cusip: | 06742W125
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