E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 9/3/2013 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $11.95 million Accelerated Return Notes linked to S&P

New York, Sept. 3 - Barclays Bank plc priced $11.95 million of 0% Accelerated Return Notes due Oct. 31, 2014 tied to the S&P MidCap 400 Index index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 300% of the index return, subject to a maximum payout of par plus 12.36%. Investors will lose 1% for every 1% decline in the index.

Merrill Lynch & Co. is the underwriter.

Issuer:Barclays Bank plc
Issue:Accelerated Return Notes
Underlying index:S&P MidCap 400 Index
Amount:$11,949,870
Maturity:Oct. 31, 2014
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus 300% of index return, subject to maximum payout of par plus 12.36%; 1% loss for every 1% decline
Initial index level:1,201.33
Pricing date:Aug. 29
Settlement date:Sept. 6
Underwriters:Merrill Lynch & Co.
Fees:2%
Cusip:06742D432

© 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.