Published on 5/31/2011 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $26.2 million Accelerated Return Notes tied to MSCI EAFE
By Susanna Moon
Chicago, May 31 - Barclays Bank plc priced $26.2 million of 0% Accelerated Return Notes due July 27, 2012 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
Bank of America Merrill Lynch is the underwriter.
The payout at maturity will be par of $10 plus triple any gain in the index, capped at 18.15%.
Investors will be exposed to any losses.
| Issuer: | Barclays Bank plc
|
| Issue: | Accelerated Return Notes
|
| Underlying index: | MSCI EAFE index
|
| Amount: | $26,197,070
|
| Maturity: | July 27, 2012
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 300% of any index gain, capped at 18.15%; exposure to any losses
|
| Initial index level: | 1,684.84
|
| Pricing date: | May 26
|
| Settlement date: | June 3
|
| Underwriter: | Bank of America Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 06741K718
|
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