Published on 10/3/2011 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $15.48 million Accelerated Return Notes on Energy Select via Merrill
By Susanna Moon
Chicago, Oct. 3 - Barclays Bank plc priced $15.48 million of 0% Accelerated Return Notes due Nov. 30, 2012 linked to the Energy Select Sector index, according to a 424B2 filing with the Securities and Exchange Commission.
Bank of America Merrill Lynch is the agent.
The payout at maturity will be par of $10.00 plus triple any gain in the index, capped at 30.36%.
Investors will be exposed to any losses.
Issuer: | Barclays Bank plc
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Issue: | Accelerated Return Notes
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Underlying index: | Energy Select Sector index
|
Amount: | $15,477,700
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Maturity: | Nov. 30, 2012
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Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus 300% of any index gain, capped at 30.36%; exposure to losses
|
Initial level: | 605.57
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Pricing date: | Sept. 29
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Settlement date: | Oct. 6
|
Agent: | Bank of America Merrill Lynch
|
Fees: | 2%
|
Cusip: | 06738G472
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