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