Published on 4/1/2014 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $48.46 million Accelerated Return Notes linked to Ford
By Jennifer Chiou
New York, April 1 - Barclays Bank plc priced $48,457,480 of 0% Accelerated Return Notes due June 1, 2015 linked to Ford Motor Co. stock, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any gain, up to a maximum return of 28.44%.
Investors will be fully exposed to any losses.
BofA Merrill Lynch is the agent.
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: | $48,457,480
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Maturity: | June 1, 2015
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If stock return is positive, par plus 300% of the gain, up to maximum return of 28.44%; 1% loss for every 1% decline in share price
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Initial price: | $15.28
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Pricing date: | March 27
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Settlement date: | April 3
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Agent: | BofA Merrill Lynch
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Fees: | 2%
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Cusip: | 06742B311
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