New Issue: Barclays prices $22.3 million Accelerated Return Notes linked to stocks

By Susanna Moon

Chicago, Sept. 3 – Barclays Bank plc priced $22.3 million of 0% Accelerated Return Notes due Oct. 23, 2015 tied to a basket of three equally weighted stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying companies are Apple Inc., Facebook, Inc. and Yahoo! Inc.

The payout at maturity will be par plus triple any basket gain, up to a maximum return of 15.27%.

Investors will be exposed to any losses.

BofA Merrill Lynch is the underwriter.

Issuer:	Barclays Bank plc
Issue:	Accelerated Return Notes
Underlying basket:	Apple Inc. (Nasdaq: AAPL), Facebook, Inc. (Nasdaq: FB) and Yahoo! Inc. (Nasdaq: YHOO), equally weighted
Amount:	$22,295,590
Maturity:	Oct. 23, 2015
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any basket gain, capped at 15.27%; exposure to any losses
Pricing date:	Aug. 28
Settlement date:	Sept. 5
Agent:	BofA Merrill Lynch
Fees:	2%
Cusip:	06742W224

© 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.