New Issue: Barclays sells $60.58 million Stars linked to Apple via Bank of America

By Marisa Wong

Madison, Wis., Nov. 30 - Barclays Bank plc priced $60.58 million of 0% Strategic Accelerated Redemption Securities due Dec. 13, 2013 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Bank of America Merrill Lynch is the agent.

The notes will be called at par of $10 plus an annualized call premium of 19.51% if Apple stock closes at or above the initial share price on May 17, Aug. 16, 2013 or Dec. 6, 2013.

If the notes are not called and the final share price is at least 95% of the initial share price, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the share price declines beyond 5%.

Issuer:	Barclays Bank plc
Issue:	Strategic Accelerated Redemption Securities
Underlying stock:	Apple Inc. (Nasdaq: AAPL)
Amount:	$60,583,560
Maturity:	Dec. 13, 2013
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par if stock falls by up to 5%; 1% loss for every 1% decline beyond 5%
Call:	Automatically at par plus 19.51% per year if stock closes at or above initial share price on May 17, Aug. 16, 2013 or Dec. 6, 2013
Initial share price:	$589.97
Threshold value:	$560.47, 95% of initial level
Pricing date:	Nov. 29
Settlement date:	Dec. 5
Underwriter:	Bank of America Merrill Lynch
Fees:	1.25%
Cusip:	06742A495

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