Published on 6/2/2016 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $16.18 million Accelerated Return Notes on oil index
By Marisa Wong
Morgantown, W.Va., June 2 – Barclays Bank plc priced $16.18 million of 0% Accelerated Return Notes due May 25, 2018 linked to the S&P Oil & Gas Exploration & Production Select Industry index, according to a 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 48%.
Investors will be exposed to any losses.
BofA Merrill Lynch is the underwriter.
Issuer: | Barclays Bank plc
|
Issue: | Accelerated Return Notes
|
Underlying index: | S&P Oil & Gas Exploration & Production Select Industry index
|
Amount: | $16,178,190
|
Maturity: | May 25, 2018
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus 300% of any index gain, capped at 48%; exposure to any losses
|
Initial level: | 5,383.41
|
Final level: | Average of index closing levels on five trading days ending May 22, 2018
|
Pricing date: | May 26
|
Settlement date: | June 3
|
Underwriters: | BofA Merrill Lynch
|
Fees: | 2%
|
Cusip: | 06744K467
|
|
© 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.