By Susanna Moon
Chicago, March 4 - Barclays Bank plc priced $48.35 million of 0% Accelerated Return Notes due April 24, 2015 tied to a basket of three equally weighted financial sector stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying companies are Citigroup Inc., JPMorgan Chase & Co. and Wells Fargo & Co.
The payout at maturity will be par plus 300% of any basket gain, up to a maximum return of 16.11%.
Investors will be exposed to any losses.
Merrill Lynch & Co. is the underwriter.
| Issuer: | Barclays Bank plc
|
| Issue: | Accelerated Return Notes
|
| Underlying basket: | Citigroup Inc. (NYSE: C), JPMorgan Chase & Co. (NYSE: JPM) and Wells Fargo & Co. (NYSE: WFC), equally weighted
|
| Amount: | $48,351,940
|
| Maturity: | April 24, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any basket gain, capped at 16.11%; exposure to any losses
|
| Pricing date: | Feb. 27
|
| Settlement date: | March 6
|
| Underwriters: | Merrill Lynch & Co.
|
| Fees: | 2%
|
| Cusip: | 06742B543
|
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