New Issue: Barclays prices $4.49 million annual autocallable notes on S&P 500, Russell

By Jennifer Chiou

New York, May 13 - Barclays Bank plc priced $4,485,000 of 0% annual autocallable notes due May 14, 2015 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 10% per year if both indexes close at or above their initial levels on May 15, 2014 or May 11, 2015.

If the notes are not called and the final level of the lesser-performing index is at least 80% 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:	$4,485,000
Maturity:	May 14, 2015
Coupon:	0%
Price:	Par
Call:	Par plus annualized call premium of 10% if both indexes finish at or above their initial levels on May 15, 2014 or May 11, 2015
Payout at maturity:	Par if final level of the lesser-performing index is at least 80% of the initial share price; otherwise, full exposure to decline
Initial levels:	1,626.67 for S&P 500; 966.26 for Russell 2000
Barrier levels:	1,301.34 for S&P 500; 773.01 for Russell 2000, 80% of initial price
Pricing date:	May 9
Settlement date:	May 14
Agent:	Barclays
Fees:	2%
Cusip:	06741TVC8

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