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Published on 6/12/2017 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $15.21 million Accelerated Return Notes on four tech stocks

By Wendy Van Sickle

Columbus, Ohio, June 12 – Barclays Bank plc priced $15.21 million of 0% Accelerated Return Notes due Aug. 31, 2018 linked to a basket of four equally weighted technology sector stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying stocks are Amazon.com, Inc., Facebook, Inc., Alphabet, Inc. and Netflix, Inc.

The payout at maturity will be par plus triple any basket gain, up to a maximum return of 16.9%.

Investors will lose 1% for each 1% decline.

BofA Merrill Lynch is the agent.

Issuer:Barclays Bank plc
Issue:Accelerated Return Notes
Underlying basket:Amazon.com, Inc., Facebook, Inc., Alphabet, Inc. and Netflix, Inc., equal weights
Amount:$15,212,590
Maturity:Aug. 31, 2018
Coupon:0%
Price:Par of $10.00
Payout at maturity:Par plus triple any basket gain, up to a maximum return of 16.9%; full exposure to any basket decline
Initial prices:1,010.27 for Amazon.com, $154.71 for Facebook, $1,004.28 for Alphabet, $165.88 for Netflix
Pricing date:June 8
Settlement date:June 16
Agent:BofA Merrill Lynch
Fees:2%
Cusip:06746K770

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