Published on 8/29/2016 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $24.58 million Accelerated Return Notes linked to Euro Stoxx
By Wendy Van Sickle
Columbus, Ohio, Aug. 29 – Barclays Bank plc priced $24.58 million of 0% Accelerated Return Notes due Oct. 27, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 300% of any index gain, subject to a maximum return of 20.95%. Investors will be fully exposed to any loss in the index.
BofA Merrill Lynch is the underwriter.
Issuer: | Barclays Bank plc
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Issue: | Accelerated Return Notes
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Underlying index: | Euro Stoxx 50
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Amount: | $24,582,540
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Maturity: | Oct. 27, 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 20.95% maximum return; full exposure to any index loss
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Initial level: | 2,987.69
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Final index level: Average of index’s closing levels on five trading days ending Oct. 24, 2017
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Pricing date: | Aug. 25
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Settlement date: | Sept. 1
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Underwriters: | BofA Merrill Lynch
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Fees: | 2%
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Cusip: | 06740Q179
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