Published on 11/4/2011 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $34.34 million Accelerated Return Notes on Gold Miners via Merrill
By Susanna Moon
Chicago, Nov. 4 - Barclays Bank plc priced $34.34 million of 0% Accelerated Return Notes due Jan. 11, 2013 linked to the NYSE Arca Gold Miners 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 $13.30 per note.
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: | NYSE Arca Gold Miners
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Amount: | $34,344,330
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Maturity: | Jan. 11, 2013
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 300% of any index gain, capped at 33%; exposure to losses
|
Initial level: | 1,660.16
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Pricing date: | Nov. 2
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Settlement date: | Nov. 9
|
Agent: | Bank of America Merrill Lynch
|
Fees: | 2%
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Cusip: | 06741L732
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