By Wendy Van Sickle
Columbus, Ohio, Feb. 1 – Barclays Bank plc priced $15.56 million of 0% Accelerated Return Notes due March 24, 2017 linked to a basket of three equally weighted financial sector stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying stocks are Citigroup Inc., JPMorgan Chase & Co. and Wells Fargo & Co.
The payout at maturity will be par of $10 plus triple any basket gain, up to a maximum return of 21.75%.
Investors will be exposed to any losses.
Merrill Lynch & Co. is the agent.
Issuer: | Barclays Bank plc
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Issue: | Accelerated Return Notes
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Underlying stocks: | Citigroup Inc., JPMorgan Chase & Co. and Wells Fargo & Co.
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Amount: | $15,560,990
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Maturity: | March 24, 2017
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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, subject to 21.75% maximum return; exposure to any index decline
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Initial stock prices: | $40.39 for Citigroup; $57.28 for JPMorgan Chase; $48.92 for Wells Fargo
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Pricing date: | Jan. 28
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Settlement date: | Feb. 4
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Underwriters: | Merrill Lynch & Co.
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Fees: | 2%
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Cusip: | 06743T188
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