Published on 11/28/2011 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $23.33 million Accelerated Return Notes on Russell 2000 index via Merrill
New York, Nov. 28 - Barclays Bank plc priced $23.33 million of 0% Accelerated Return Notes due Jan. 25, 2013 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Bank of America Merrill Lynch is the agent.
The payout at maturity will be par of $10.00 plus triple any gain in the index, up to a maximum payment of $13.132 per note.
Investors will be exposed to any losses.
| Issuer: | Barclays Bank plc
|
| Issue: | Accelerated Return Notes
|
| Underlying index: | Russell 2000 index
|
| Amount: | $23,325,310
|
| Maturity: | Jan. 25, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus triple any index gain, return capped at 31.32%; full exposure to losses
|
| Initial level: | 696.26
|
| Pricing date: | Nov. 22
|
| Settlement date: | Nov. 30
|
| Agent: | Bank of America Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 06741L641
|
© 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.
