Published on 8/10/2015 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $36.19 million 0% Accelerated Return Notes on Facebook
By Devika Patel
Knoxville, Tenn., Aug. 10 – Barclays Bank plc priced $36,191,100 of 0% Accelerated Return Notes due Aug. 26, 2016 linked to Facebook, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 300% of any gain, subject to a maximum return of 23.3%. If the stock falls, investors will be fully exposed to the decline.
Merrill Lynch & Co. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Accelerated Return Notes
|
| Underlying stock: | Facebook, Inc. (Nasdaq: FB)
|
| Amount: | $36,191,100
|
| Maturity: | Aug. 26, 2016
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 300% of any gain, up to 23.3% maximum return; full exposure to any stock decline
|
| Initial level: | $96.20
|
| Final level: | The closing price of the stock on July 26, 2016
|
| Pricing date: | Aug. 6
|
| Settlement date: | Aug. 13
|
| Agent: | Merrill Lynch & Co.
|
| Cusip: | 06743Q879
|
| Fees: | 1.75%
|
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