E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 9/3/2013 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $45.12 million Accelerated Return Notes linked to Ford Motor

By Susanna Moon

Chicago, Sept. 3 - Barclays Bank plc priced $45.12 million of 0% Accelerated Return Notes due Sept. 12, 2014 tied to Ford Motor Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 300% of any gain in Ford shares, up to a maximum return of 27.39%.

Investors will be exposed to any losses.

BofA Merrill Lynch is the underwriter.

Issuer:Barclays Bank plc
Issue:Accelerated Return Notes
Underlying stock:Ford Motor Co. (NYSE: F)
Amount:$45,119,560
Maturity:Sept. 12, 2014
Coupon:0%
Price:Par
Payout at maturity:Par plus 300% of stock return, capped at 27.39%; exposure to any losses
Initial level:$16.49
Pricing date:Aug. 29
Settlement date:Sept. 4
Underwriters:BofA Merrill Lynch
Fees:1.75%
Cusip:06742D317

© 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.