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Published on 7/31/2013 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $974,000 annual reset coupon buffered notes tied to Russell 2000

By Susanna Moon

Chicago, July 31 - Barclays Bank plc priced $974,000 of annual reset coupon buffered notes due July 31, 2019 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be the maximum digital rate of 6% if the index closes at or above its initial level for each annual observation period. Otherwise, the coupon will be the minimum digital rate of 2.15%. Interest is payable annually.

The payout at maturity will be par unless the index falls by more than 20%, in which case investors will lose 1% for every 1% decline beyond 20%.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Annual reset coupon buffered notes
Underlying index:Russell 2000
Amount:$974,000
Maturity:July 31, 2019
Coupon:6% if index gains on annual observation date, otherwise 2.15%; payable annually
Price:Par
Payout at maturity:Par if index falls by up to 20%; otherwise, 1% loss for every 1% drop beyond 20%
Initial index level:1,040.66
Pricing date:July 29
Settlement date:July 31
Agent:Barclays
Fees:3.4%
Cusip:06741TXV4

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