Published on 6/3/2013 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $29.92 million 0% Accelerated Return Notes linked to three stocks
By Marisa Wong
Madison, Wis., June 3 - Barclays Bank plc priced $29.92 million of 0% Accelerated Return Notes due July 25, 2014 linked to a basket of three stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of equal weights of Exxon Mobil Corp., Occidental Petroleum Corp. and Schlumberger Ltd.
The payout at maturity will be par of $10 plus triple any gain in the basket, subject to a maximum return of 18.03%. Investors will be fully exposed to any decline in the basket.
BofA Merrill Lynch will act as agent.
Issuer: | Barclays Bank plc
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Issue: | Accelerated Return Notes
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Underlying stocks: | Exxon Mobil Corp. (NYSE: XOM), Occidental Petroleum Corp. (NYSE: OXY) and Schlumberger Ltd. (NYSE: SLB)
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Amount: | $29,917,290
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Maturity: | July 25, 2014
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus triple any gain in the basket, return capped at 18.03%; full exposure to any basket decline
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Initial prices: | $92.09 for Exxon, $94.75 for Occidental, $74.81 for Schlumberger
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Pricing date: | May 30
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Settlement date: | June 6
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Agent: | BofA Merrill Lynch
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Fees: | 2%
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Cusip: | 06742D309
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