New Issue: Barclays prices $27.07 million Accelerated Return Notes on stock basket

By Wendy Van Sickle

Columbus, Ohio, Dec. 4 – Barclays Bank plc priced $27.07 million of 0% Accelerated Return Notes due Jan. 31, 2020 linked to an equally weighted basket of three financial stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket components are the common stocks of Citigroup Inc., JPMorgan Chase & Co. and Morgan Stanley.

The payout at maturity will be par of $10 plus 300% of any basket gain, subject to a maximum return of 23.4%. Investors will be exposed to any basket decline.

BofA Merrill Lynch is the underwriter.

Issuer:	Barclays Bank plc
Issue:	Accelerated Return Notes
Underlying indexes:	Citigroup Inc. (NYSE symbol: C), JPMorgan Chase & Co. (NYSE symbol: JPM) and Morgan Stanley (NYSE symbol: MS), equal weights
Amount:	$27,067,060
Maturity:	Jan. 31, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any basket gain, capped at 23.4%; exposure to any basket decline
Initial levels:	$64.90 for Citigroup, $110.06 for JPMorgan, $44.51 for Morgan Stanley
Pricing date:	Nov. 29
Settlement date:	Dec. 6
Underwriter:	BofA Merrill Lynch
Fees:	2%
Cusip:	06746V602

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.