Published on 6/3/2014 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $50.88 million Accelerated Return Notes linked to Apple
By Susanna Moon
Chicago, June 3 - Barclays Bank plc priced $50.88 million of 0% Accelerated Return Notes due June 15, 2015 linked to the Apple Inc. shares via BofA Merrill Lynch, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any stock gain, up to a maximum return of 20.58%.
Investors will be exposed to any losses.
Issuer: | Barclays Bank plc
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Issue: | Accelerated Return Notes
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Underlying stock: | Apple Inc. (Nasdaq: AAPL)
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Amount: | $50,875,560
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Maturity: | June 15, 2015
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus triple any stock gain, capped at 20.58%; exposure to any losses
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Initial level: | $631.90
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Pricing date: | May 29
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Settlement date: | June 5
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Agent: | BofA Merrill Lynch
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Fees: | 1.75%
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Cusip: | 06742K295
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