Published on 12/4/2015 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $183.09 million of Accelerated Return Notes on S&P 500
By Wendy Van Sickle
Columbus, Ohio, Dec. 4 – Barclays Bank plc priced $183,088,570 of 0% Accelerated Return Notes due Jan. 27, 2017 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any index gain, up to a capped return of 12.03%.
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 index: | S&P 500
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Amount: | $183,088,570
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Maturity: | Jan. 27, 2017
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 300% of any index gain, up to 12.03% maximum return; full exposure to any index decline
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Initial index level: | 2,089.14
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Pricing date: | Nov. 24
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Settlement date: | Dec. 2
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Agent: | BofA Merrill Lynch
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Fees: | 2%
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