New Issue: Barclays prices $3.85 million contingent income autocallables linked to JPMorgan

By Marisa Wong

Madison, Wis., April 17 - Barclays Bank plc priced $3.85 million of contingent income autocallable securities due April 20, 2017 linked to the common stock of JPMorgan Chase & Co., according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent payment of $0.2275 per $10.00 principal amount of notes if JPMorgan stock closes at or above the downside threshold level, 80% of the initial share price, on the determination date for that quarter.

If the closing share price is greater than or equal to the applicable redemption threshold on any quarterly determination date other than the final one, the notes will be automatically redeemed at par plus the contingent payment. The redemption threshold is 105% of the initial price for the first four determination dates, 110% of the initial price for the next four dates and 115% of the initial price for the three dates after that.

If the notes are not called and the final share price is greater than or equal to the downside threshold level, the payout at maturity will be par plus the contingent payment. Otherwise, the payout will be a number of JPMorgan shares equal to $10 divided by the initial share price or, at the issuer's option, a cash amount equal to the value of those shares.

Barclays is the agent with Morgan Stanley Wealth Management as dealer.

Issuer:	Barclays Bank plc.
Issue:	Contingent income autocallable securities
Underlying stock:	JPMorgan Chase & Co. (NYSE: JPM)
Amount:	$3,852,940
Maturity:	April 20, 2017
Contingent coupon:	2.275% per quarter, payable if JPMorgan stock closes at or above downside threshold level on determination date for that quarter
Price:	Par of $10.00
Payout at maturity:	If final share price is greater than or equal to downside threshold level, par plus contingent payment; otherwise, number of JPMorgan shares equal to $10 divided by initial share price or, at issuer's option, equivalent cash amount
Call:	At par plus contingent payment if closing share price is greater than or equal to redemption threshold on any quarterly determination date other than final one
Initial share price:	$54.80
Downside threshold level:	$43.84, 80% of initial share price
Redemption thresholds:	$57.54, 105% of initial price, for first four determination dates; $60.28, 110% of initial price, for next four dates; $63.02, 115% of initial price, for next three dates
Pricing date:	April 15
Settlement date:	April 21
Agent:	Barclays
Dealer:	Morgan Stanley Wealth Management
Fees:	2.25%
Cusip:	06742K626

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