Barclays updates issue amount of Accelerated Return Notes on S&P 500

By Marisa Wong

Morgantown, W.Va., April 5 – Barclays Bank plc priced $104.84 million of 0% Accelerated Return Notes due May 25, 2018 linked to the S&P 500 index, according to an amended 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 10.05%. Investors will be exposed to any index decline.

BofA Merrill Lynch is the underwriter.

Issuer:	Barclays Bank plc
Issue:	Accelerated Return Notes
Underlying index:	S&P 500
Amount:	$104,842,223.40 (amended from $104,939,010)
Maturity:	May 25, 2018
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any index gain, capped at 10.05%; exposure to any index decline
Initial index level:	2,368.06
Final index level:	Average of index’s closing levels on five trading days ending May 22, 2018
Pricing date:	March 30
Settlement date:	April 6
Underwriters:	BofA Merrill Lynch
Fees:	2%
Cusip:	06745T574

© 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.