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Published on 3/31/2014 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $30.3 million Accelerated Return Notes linked to tech stocks

By Angela McDaniels

Tacoma, Wash., March 31 - Barclays Bank plc priced $30.3 million of 0% Accelerated Return Notes due June 1, 2015 linked to a basket of technology stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes Apple Inc. with a 33.34% weight, Facebook, Inc. with a 33.33% weight and Yahoo! Inc. with a 33.33% weight.

If the basket return is positive, the payout at maturity will be par of $10 plus 300% of the basket return, subject to a maximum return of 22.35%. Investors will lose 1% for every 1% decline in the basket.

BofA Merrill Lynch is the agent.

Issuer:Barclays Bank plc
Issue:Accelerated Return Notes
Underlying stocks:Apple Inc. (33.34% weight), Facebook, Inc. (33.33% weight) and Yahoo! Inc. (33.33% weight)
Amount:$30,298,780
Maturity:June 1, 2015
Coupon:0%
Price:Par of $10
Payout at maturity:If basket return is positive, par plus 300% of basket return, subject to 22.35% cap; 1% loss for every 1% decline in basket
Initial share prices:$537.46 for Apple, $60.97 for Facebook and $35.59 for Yahoo!
Pricing date:March 27
Settlement date:April 3
Agent:BofA Merrill Lynch
Fees:2%
Cusip:06742B485

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