Published on 9/28/2015 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $13.06 million Accelerated Return Notes linked to Ford
By Susanna Moon
Chicago, Sept. 28 – Barclays Bank plc priced $13.06 million of 0% Accelerated Return Notes due Oct. 14, 2016 linked to Ford Motor Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any gain in the stock, up to a maximum return of 28.68%.
Investors will be exposed to any losses.
BofA Merrill Lynch is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Accelerated Return Notes
|
| Underlying stock: | Ford Motor Co. (Symbol: F)
|
| Amount: | $13,056,820
|
| Maturity: | Oct. 14, 2016
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 300% of any stock gain, capped at 28.68%; exposure to any losses
|
| Initial price: | $13.53
|
| Pricing date: | Sept. 24
|
| Settlement date: | Oct. 1
|
| Agent: | BofA Merrill Lynch
|
| Fees: | 1.75%
|
| Cusip: | 06743Q549
|
|
|
|
|
© 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.
