New Issue: Barclays prices $169,000 10.5% two-year autocallables on energy stocks

By Susanna Moon

Chicago, Aug. 1 – Barclays Bank plc priced $169,000 of 10.5% autocallable notes due July 31, 2019 linked to the lesser performing of the common stocks of Marathon Oil Corp., Hess Corp. and Valero Energy Co., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

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

If the notes are not called, the payout at maturity will be par unless any underlying asset finishes below its 55% barrier level, in which case investors will lose 1% for each 1% decline of the worst performing stock.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable notes
Underlying assets:	Marathon Oil Corp. (Symbol: MRO), Hess Corp. (Symbol: HES) and Valero Energy Co. (Symbol: VLO)
Amount:	$169,000
Maturity:	July 31, 2019
Coupon:	10.5%, payable monthly
Price:	Par
Payout at maturity:	If each underlying stock finishes at or above 55% barrier, par; otherwise, 1% loss for each 1% decline of worst performing stock
Call:	At par if each underlying asset closes at or above its initial level on any quarterly valuation date
Initial levels:	$12.18 for Marathon, $43.47 for Hess and $67.99 for Valero
Barrier levels:	$6.70 for Marathon, $23.91 for Hess and $37.39 for Valero; 55% of initial levels
Pricing date:	July 26
Settlement date:	July 31
Agent:	Barclays
Fees:	3%
Cusip:	06744CAE1

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