New Issue: Barclays prices $1.95 million annual autocallable notes on S&P 500, Russell

By Jennifer Chiou

New York, March 28 - Barclays Bank plc priced $1,954,000 of 0% annual autocallable notes due March 31, 2016 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus 9.4% per year if both indexes close at or above their initial levels on March 31, 2014 or March 25, 2015 or at or above 90% of the initial levels on March 28, 2016.

If the notes are not called and the final level of the lesser-performing index is at least 75% of its initial level, the payout at maturity will be par. Otherwise, investors will be exposed to the decline of the lesser-performing index from its initial level.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Annual autocallable notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$1,954,000
Maturity:	March 31, 2016
Coupon:	0%
Price:	Par
Call:	Par plus annualized call premium of 9.4% if both indexes finish at or above their initial levels on March 31, 2014 or March 25, 2015 or at or above 90% of the initial levels on March 28, 2016
Payout at maturity:	Par if final level of the lesser-performing index is at least 75% of the initial share price; otherwise, full exposure to decline
Initial levels:	1,551.69 for S&P 500; 945.85 for Russell 2000
Barrier levels:	1,163.77 for S&P 500; 709.39 for Russell 2000, 75% of initial price
Pricing date:	March 25
Settlement date:	March 28
Agent:	Barclays
Fees:	1.85%
Cusip:	06741TRD1

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