New Issue: Barclays prices $1 million 11.3% callable yield notes linked to Yamana

By Marisa Wong

Madison, Wis., May 26 – Barclays Bank plc priced $1 million of 11.3% callable yield notes due May 27, 2016 linked to the common stock of Yamana Gold Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes are callable at par on any interest payment date beginning Nov. 30, 2015.

The payout at maturity will be par unless the stock finishes below the barrier price, 55% of the initial share price, in which case investors will be fully exposed to the stock’s decline or, at the issuer’s option, receive a number of Yamana shares equal to $1,000 divided by the initial share price.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Callable yield notes
Underlying stock:	Yamana Gold Inc. (Symbol: AUY)
Amount:	$1 million
Maturity:	May 27, 2016
Coupon:	11.3%, payable monthly
Price:	Par
Payout at maturity:	Par unless stock finishes below barrier price, in which case investors will either have full exposure to stock’s decline or, at issuer’s option, receive 259.74026 Yamana shares
Call option:	At par on any interest payment date beginning Nov. 30, 2015
Initial share price:	$3.85
Barrier price:	$2.12, 55% of initial share price
Pricing date:	May 20
Settlement date:	May 28
Agent:	Barclays
Fees:	1.5%
Cusip:	06741UWY6

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