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Published on 2/26/2016 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $3.25 million 11% autocallables linked to four stocks

By Susanna Moon

Chicago, Feb. 26 – Barclays Bank plc priced $3.25 million of 11% autocallable notes due Feb. 28, 2019 linked to the least performing of the class A common stock of Facebook, Inc. and the common stocks of Amazon.com, Inc., Netflix, Inc. and Alphabet Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be called at par if each stock closes at or above its initial level on quarterly call date.

The payout at maturity will be par unless any stock finishes below its barrier level, 50% of its initial level, in which case investors will be fully exposed to any losses of the worst performing stock.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Autocallable notes
Underlying stocks:Facebook, Inc. (Symbol: FB), Amazon.com, Inc. (Symbol: AMZN), Netflix, Inc. (Symbol: NFLX) and Alphabet Inc. (Symbol: GOOG)
Amount:$3,252,000
Maturity:Feb. 28, 2019
Coupon:11%, payable monthly
Price:Par
Payout at maturity:Par any stock finishes below trigger level, in which case full exposure to any losses of worst performing stock
Call:At par if each stock closes at or above initial level on quarterly call date
Initial levels:$106.88 for Facebook, $554.04 for Amazon, $91.61 for Netflix and $699.56 for Alphabet
Barrier levels:$53.44 for Facebook, $277.02 for Amazon, $45.81 for Netflix and $349.78 for Alphabet; 50% of initial levels
Pricing date:Feb. 24
Settlement date:Feb. 29
Underwriter:Barclays
Fees:4%
Cusip:06741U4T8

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