New Issue: Barclays sells $2.24 million barriered autocallable fixed-coupon notes on stocks

By Wendy Van Sickle

Columbus, Ohio, June 30 – Barclays Bank plc priced $2.24 million of 12.75% barriered autocallable fixed-coupon notes due July 1, 2025 linked to the share performance of Wells Fargo & Co., U.S. Bancorp and PNC Financial Services Group, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The notes will be automatically called at par if each stock closes at or above its initial level on quarterly call date after six months.

If the notes are not called and each stock finishes at or above 50% of its initial level, the payout at maturity will be par. Otherwise, investors will lose 1% for each 1% decline of the worst performer, payable in shares.

Barclay is the agent.

Issuer:	Barclays Bank plc
Issue:	Barriered autocallable fixed-coupon notes
Underlying stocks:	Wells Fargo & Co., U.S. Bancorp, PNC Financial Services Group, Inc.
Amount:	$2.24 million
Maturity:	July 1, 2025
Coupon:	12.75% annual rate, payable monthly
Price:	Par
Payout at maturity:	Par unless any stock finishes below barrier level, in which case 1% loss for each 1% decline of the worst performer, payable in shares
Call:	At par if each stock closes at or above initial level on any quarterly call date after six months
Initial levels:	$40.61 for Wells, $31.88 for U.S. Bancorp, $123.03 for PNC
Barrier levels:	$20.31 for Wells, $15.94 for U.S. Bancorp, $61.52 for PNC; 50% of initial levels
Pricing date:	June 23
Settlement date:	June 28
Agent:	Barclays
Fees:	3.06%
Cusip:	06741W5Q9

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