Published on 7/2/2012 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $21.83 million Accelerated Return Notes on NYSE Arca Gold Miners
By Marisa Wong
Madison, Wis., July 2 - Barclays Bank plc priced $21.83 million of 0% Accelerated Return Notes due Aug. 30, 2013 linked to the NYSE Arca Gold Miners index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity is par of $10.00 plus triple any gain in the index, up to a maximum payment of $13.36 per note.
Investors will be fully exposed to any index decline.
Bank of America Merrill Lynch is the agent.
Issuer: | Barclays Bank plc
|
Issue: | Accelerated Return Notes
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Underlying index: | NYSE Arca Gold Miners
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Amount: | $21,831,630
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Maturity: | Aug. 30, 2013
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Coupon: | 0%
|
Price: | Par of $10.00
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Payout at maturity: | Par plus 300% of any index gain, capped at 33.6%; 1% loss for every 1% decline
|
Initial level: | 1,199.07
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Pricing date: | June 28
|
Settlement date: | July 6
|
Underwriter: | Bank of America Merrill Lynch
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Fees: | 2%
|
Cusip: | 06742A602
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