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Published on 8/29/2016 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $24.58 million Accelerated Return Notes linked to Euro Stoxx

By Wendy Van Sickle

Columbus, Ohio, Aug. 29 – Barclays Bank plc priced $24.58 million of 0% Accelerated Return Notes due Oct. 27, 2017 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, subject to a maximum return of 20.95%. Investors will be fully exposed to any loss in the index.

BofA Merrill Lynch is the underwriter.

Issuer:Barclays Bank plc
Issue:Accelerated Return Notes
Underlying index:Euro Stoxx 50
Amount:$24,582,540
Maturity:Oct. 27, 2017
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 300% of any index gain, subject to 20.95% maximum return; full exposure to any index loss
Initial level:2,987.69
Final index level: Average of index’s closing levels on five trading days ending Oct. 24, 2017
Pricing date:Aug. 25
Settlement date:Sept. 1
Underwriters:BofA Merrill Lynch
Fees:2%
Cusip:06740Q179

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