Published on 8/29/2016 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $35.55 million Accelerated Return Notes linked to Facebook
By Wendy Van Sickle
Columbus, Ohio, Aug. 29 – Barclays Bank plc priced $35.55 million of 0% Accelerated Return Notes due Sept. 15, 2017 linked to Facebook, Inc. common stock, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any gain, up to a maximum return of 20.8%. Investors will lose 1% for each 1% decline.
Merrill Lynch & Co. is the agent.
| Issuer: | Barclays Bank plc
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| Issue: | Accelerated Return Notes
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| Underlying stock: | Facebook, Inc.
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| Amount: | $35,551,410
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| Maturity: | Sept. 15, 2017
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 300% of any stock gain, capped at 20.8%; exposure to any stock decline
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| Initial share price: | $123.92
|
| Pricing date: | Aug. 25
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| Settlement date: | Sept. 1
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| Underwriter: | BofA Merrill Lynch
|
| Fees: | 1.8%
|
| Cusip: | 06745B714
|
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