New Issue: Barclays prices $2.44 million Stars linked to three stocks

By Wendy Van Sickle

Columbus, Ohio, July 5 – Barclays Bank plc priced $2.44 million of 0% Strategic Accelerated Redemption Securities due June 26, 2020 linked to the worst performing of the common stocks of Citigroup Inc., Goldman Sachs Group, Inc. and JPMorgan Chase & Co., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par of $10 plus an annualized call premium of 20.25% if the each stock closes at or above its initial level on an annual observation date.

If the notes are not called, investors will lose 1% for every 1% that the least performing stock is less than its initial price.

BofA Merrill Lynch is the agent.

Issuer:	Barclays Bank plc
Issue:	Strategic Accelerated Redemption Securities
Underlying stocks:	Citigroup Inc., Goldman Sachs Group, Inc. and JPMorgan Chase & Co.
Amount:	$2,437,000
Maturity:	June 26, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	1% loss for every 1% that least performing stock is less than its initial price
Call:	At par plus 20.25% per year if each stock closes at or above initial level on an annual observation date
Initial prices:	$63.78 for Citigroup, $220.44 for Goldman, $87.24 for JPMorgan
Pricing date:	June 26
Settlement date:	June 30
Agent:	BofA Merrill Lynch
Fees:	2%
Cusip:	06746K317

© 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.