Published on 2/2/2016 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $32.35 million Accelerated Return notes on JPX-Nikkei
By Wendy Van Sickle
Columbus, Ohio, Feb. 2 – Barclays Bank plc priced $32.35 million of 0% Accelerated Return Notes due April 5, 2017 linked to the JPX-Nikkei index 400, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any index return, capped at 18.03%.
Investors will be fully exposed to any decline in the index.
BofA Merrill Lynch is the agent.
| Issuer: | Barclays Bank plc
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| Issue: | Accelerated Return Notes
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| Underlying index: | JPX-Nikkei index 400
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| Amount: | $32,354,450
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| Maturity: | April 5, 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 18.03% maximum return; exposure to any index decline
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| Initial index level: | 12,547.22
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| Pricing date: | Jan. 28
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| Settlement date: | Feb. 4
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| Underwriters: | BofA Merrill Lynch
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| Fees: | 2%
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| Cusip: | 06743T444
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