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Published on 4/23/2014 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $1.4 million 5% notes linked to index, fund

By Toni Weeks

San Luis Obispo, Calif., April 23 - Barclays Bank plc priced $1.4 million of 5% notes due June 25, 2015 linked to the lesser performing of the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

If the return of the lesser-performing underlying component is equal to or greater than negative 15%, the payout at maturity will be par plus the final coupon. Otherwise, investors will lose 1.1765% for each 1% decline of the lesser-performing underlying component beyond the 15% buffer.

Barclays is the underwriter.

Issuer:Barclays Bank plc
Issue:Notes
Underlying components:Russell 2000 index and iShares MSCI EAFE ETF
Amount:$1.4 million
Maturity:June 25, 2015
Coupon:5%, payable monthly
Price:Par
Payout at maturity:If return of lesser-performing underlying component is equal to or greater than negative 15%, par plus final coupon; otherwise, 1.1765% loss for each 1% decline of lesser-performing component beyond 15% buffer
Initial levels:1,155.61 for Russell, $67.90 for ETF
Pricing date:April 22
Settlement date:April 25
Underwriter:Barclays
Fees:None
Cusip:06741UCX0

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