New Issue: Barclays sells $212,000 autocallable notes on three energy stocks

By Marisa Wong

Morgantown, W.Va., June 6 – Barclays Bank plc priced $212,000 of autocallable notes due May 31, 2019 linked to the least performing of the common stocks of Marathon Oil Corp., Chevron Corp. and Valero Energy Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a monthly coupon at a rate of 10% per year.

Beginning in August, the notes will be called at par if each stock closes at or above its initial level on any quarterly determination date other than the final one.

The payout at maturity will be par unless any stock finishes below its 55% barrier level, in which case investors will lose 1% for each 1% decline of the worst performing stock.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable notes
Underlying stocks:	Marathon Oil Corp. (Symbol: MRO), Chevron Corp. (Symbol: CVX) and Valero Energy Corp. (Symbol: VLO)
Amount:	$212,000
Maturity:	May 31, 2019
Coupon:	10%, payable monthly
Price:	Par of $1,000
Payout at maturity:	Par unless any stock finishes below its barrier price, in which case investors will lose 1% for each 1% decline of worst performer
Call:	Beginning in August, at par if each stock closes at or above its initial level on any quarterly determination date other than the final one
Initial prices:	$13.50 for Marathon, $105.11 for Chevron, $63.19 for Valero
Barrier prices:	$7.43 for Marathon, $57.81 for Chevron, $34.75 for Valero; 55% of initial prices
Pricing date:	May 25
Settlement date:	May 31
Agent:	Barclays
Fees:	3%
Cusip:	06741VTS1

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