New Issue: Barclays prices $21.59 million bear Accelerated Return Notes on S&P 500

By Marisa Wong

Morgantown, W.Va., June 2 – Barclays Bank plc priced $21.59 million of 0% bear Accelerated Return Notes due July 28, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple the absolute value of any index decline, up to a maximum return of 13.5%.

Investors will lose 1% for every 1% gain in the index.

BofA Merrill Lynch is the agent.

Issuer:	Barclays Bank plc
Issue:	Bear Accelerated Return Notes
Underlying index:	S&P 500
Amount:	$21,589,730
Maturity:	July 28, 2017
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus triple the absolute value of any index decline, capped at 13.5%; 1% loss for every 1% index gain
Initial level:	2,090.10
Pricing date:	May 26
Settlement date:	June 3
Underwriters:	BofA Merrill Lynch
Fees:	2%
Cusip:	06744K392

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