Published on 11/4/2011 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $63.24 million Accelerated Return Notes on S&P 500
By Susanna Moon
Chicago, Nov. 4 - Barclays Bank plc priced $63.24 million of 0% Accelerated Return Notes due Jan. 11, 2013 linked to the S&P 500 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 $12.118 per note.
Investors will be exposed to any losses.
| Issuer: | Barclays Bank plc
|
| Issue: | Accelerated Return Notes
|
| Underlying index: | S&P 500
|
| Amount: | $63,239,970
|
| Maturity: | Jan. 11, 2013
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 300% of any index gain, capped at 21.18%; exposure to losses
|
| Initial level: | 1,237.90
|
| Pricing date: | Nov. 2
|
| Settlement date: | Nov. 9
|
| Agent: | Bank of America Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 06741L724
|
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