Published on 9/1/2015 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $8.30 million Accelerated Return Notes linked to three energy stocks
New York, Sept. 1 – Barclays Bank plc priced $8.30 million of 0% Accelerated Return Notes due Oct. 28, 2016 linked to a basket of energy sector stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying companies are Hess Corp. with a 33.33% weight, Helmerich & Payne, Inc. with a 33.34% weight and Exxon Mobil Corp. with a 33.33% weight.
If the basket return is positive, the payout at maturity will be par of $10 plus 300% of the basket return, subject to a maximum return of 25.8%. If the basket return is negative, investors will be fully exposed to the decline.
BofA Merrill Lynch is the agent.
Issuer: | Barclays Bank plc
|
Issue: | Accelerated Return Notes
|
Underlying stocks: | Hess Corp. (NYSE: HES), Helmerich & Payne, Inc. (NYSE: HP) and Exxon Mobil Corp. (NYSE: XOM)
|
Amount: | $8,295,460
|
Maturity: | Oct. 28, 2016
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus 300% of any basket gain, capped at 25.8%; exposure to any basket decline
|
Initial share prices: | $55.76 for Hess, $55.09 for Helmerich & Payne and $74.85 for Exxon Mobil
|
Pricing date: | Aug. 27
|
Settlement date: | Sept. 3
|
Agent: | BofA Merrill Lynch
|
Fees: | 2%
|
Cusip: | 06743N215
|
© 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.