Published on 11/28/2016 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $3.73 million Accelerated Return Notes on seven stocks
By Devika Patel
Knoxville, Tenn., Nov. 28 – Barclays Bank plc priced $3.73 million of 0% Accelerated Return Notes due Jan. 26, 2018 linked to a basket of equally weighted stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying companies are Citigroup Inc., ConocoPhillips, CSX Corp., General Dynamics Corp., Eli Lilly and Co., Raytheon Co. and Textron Inc.
The payout at maturity will be par of $10 plus triple any basket gain, up to a maximum return of 15.5%. Investors will lose 1% for each 1% decline.
BofA Merrill Lynch is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Accelerated Return Notes
|
| Underlying basket: | Citigroup Inc. (NYSE: C), ConocoPhillips (NYSE: COP), CSX Corp. (Nasdaq: CSX), General Dynamics Corp. (NYSE: GD), Eli Lilly and Co. (NYSE: LLY), Raytheon Co. (NYSE: RTN) and Textron Inc. (NYSE: TXT), equally weighted
|
| Amount: | $3,733,350
|
| Maturity: | Jan. 26, 2018
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus 300% of any basket gain, capped at 15.5%; 1% loss for each 1% decline
|
| Initial stock levels: | $56.10 for Citigroup, $46.07 for ConocoPhillips, $35.02 for CSX, $170.18 for General Dynamics, $75.99 for Eli Lilly, $147.76 for Raytheon and $45.21 for Textron
|
| Pricing date: | Nov. 22
|
| Settlement date: | Nov. 30
|
| Agent: | BofA Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 22547V634
|
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