New Issue: Barclays prices $22.37 million Accelerated Return Notes on three financial stocks

By Marisa Wong

Morgantown, W.Va., Sept. 28 – Barclays Bank plc priced $22.37 million of 0% Accelerated Return Notes due Nov. 28, 2016 linked to a basket of 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.

If the basket return is positive, the payout at maturity will be par of $10 plus 300% of the basket return, subject to a maximum return of 16.53%. If the basket return is negative, investors will be fully exposed to the decline.

BofA Merrill Lynch is the agent.

Issuer:	Barclays Bank plc
Issue:	Accelerated Return Notes
Underlying stocks:	Citigroup Inc. (NYSE: C), JPMorgan Chase & Co. (NYSE: JPM) and Wells Fargo & Co. (NYSE: WFC)
Amount:	$22,373,440
Maturity:	Nov. 28, 2016
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any basket gain, capped at 16.53%; exposure to any basket decline
Initial share prices:	$49.13 for Citi, $60.22 for JPMorgan and $50.55 for Wells
Pricing date:	Sept. 24
Settlement date:	Oct. 1
Agent:	BofA Merrill Lynch
Fees:	2%
Cusip:	06743Q630

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