Published on 6/16/2014 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $9.4 million Accelerated Return Notes on four stocks
By Susanna Moon
Chicago, June 16 – Barclays Bank plc priced $9.4 million of 0% Accelerated Return Notes due Aug. 28, 2015 linked to a basket of four stocks, equally weighted, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying companies are Caterpillar Inc., Fluor Corp., Honeywell International Inc. and Masco Corp.
The payout at maturity will be par of $10 plus triple any gain in the basket, up to a maximum return of 13.83%.
Investors will be 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 stocks: | Caterpillar Inc. (NYSE: CAT), Fluor Corp. (NYSE: FLR), Honeywell International Inc. (NYSE: HON) and Masco Corp. (NYSE: MAS), equally weighted
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Amount: | $9,396,590
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Maturity: | Aug. 28, 2015
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Coupon: | 0%
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Price: | Par of $10.00
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Payout at maturity: | Par plus triple any basket gain, capped at 13.83%; exposure to any losses
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Pricing date: | June 12
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Settlement date: | June 19
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Agent: | BofA Merrill Lynch
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Fees: | 2%
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Cusip: | 06742K147
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