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Published on 1/29/2014 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $11.12 million trigger autocallables tied to Euro Stoxx

By Susanna Moon

Chicago, Jan. 29 - Barclays Bank plc priced $11.12 million of 0% trigger autocallable optimization securities due Jan. 31, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par of $10 plus an annualized call return of 8% if the index closes above its initial level on any quarterly observation date after one year.

The payout at maturity will be par unless the index finishes below the 70.41% trigger level, in which case investors will be fully exposed to any losses.

UBS Financial Services Inc. and Barclays are the underwriters.

Issuer:Barclays Bank plc
Issue:Trigger autocallable optimization securities
Underlying index:Euro Stoxx 50
Amount:$11,116,480
Maturity:Jan. 31, 2019
Coupon:0%
Price:Par of $10
Payout at maturity:Par unless index finishes below trigger level, in which case full exposure to any losses
Call:At par plus 8% annualized if each index closes above its initial on any quarterly observation date after one year
Initial index levels:3,028.20 for Euro Stoxx
Trigger levels:2,132.16 for Euro Stoxx, 70.41% of initial level
Pricing date:Jan. 24
Settlement date:Jan. 31
Agents:UBS Financial Services Inc. and Barclays
Fees:2.5%
Cusip:06742B774

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