New Issue: Barclays prices $27.76 million Accelerated Return Notes on basket of financial stocks

By Toni Weeks

San Luis Obispo, Calif., Feb. 3 – Barclays Bank plc priced $27.76 million of 0% Accelerated Return Notes due Jan. 27, 2017 linked to the a basket of three financial sector stocks, equally weighted, according to a 424B2 filing with the Securities and Exchange Commission.

The basket stocks include Citigroup Inc., JPMorgan Chase & Co. and Wells Fargo & Co.

The payout at maturity will be par plus 300% of any basket gain, capped at 27.63%.

Investors will be exposed to any losses.

BofA Merrill Lynch is the agent.

Issuer:	Barclays Bank plc
Issue:	Accelerated Return Notes
Underlying stocks:	Citigroup Inc. (Symbol: C), JPMorgan Chase & Co. (Symbol: JPM) and Wells Fargo & Co. (Symbol: WFC)
Amount:	$27,757,360
Maturity:	Jan. 27, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus 300% of basket return, subject to maximum payout of par plus 27.63%; 1% loss for every 1% decline
Initial basket level:	100
Initial prices:	$47.62 for Citi, $55.67 for JPMorgan and $52.76 for Wells Fargo
Pricing date:	Jan. 29
Settlement date:	Feb. 5
Underwriters:	Merrill Lynch & Co.
Fees:	2%
Cusip:	06740D475

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