New Issue: Barclays prices $4.62 million 7% autocallables tied to S&P, Russell

By Devika Patel

Knoxville, Tenn., Dec. 18 – Barclays Bank plc priced $4,621,000 of 0% autocallable notes due June 21, 2017 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par beginning March 16, 2016, if both underliers close above their initial level on any of the quarterly call observation dates.

If the notes are not called, the payout at maturity will be par plus 15% if both underliers lose no more than 20%.

If either underlier loses more than 20% from its initial value, the payout will be par minus 1.25 times the decline in the lesser performing asset beyond 20%.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$4,621,000
Maturity:	June 21, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 15% if both underliers lose no more than 20%; if either underlier loses more than 20%, par minus 1.25 times the decline in the lesser performing asset beyond 20%
Call:	Automatically at par plus coupon if both underliers close above their initial level on any quarterly observation date after March 16, 2016
Initial levels:	2,043.41 for S&P 500 and 1,131.55 for Russell 2000
Pricing date:	Dec. 16
Settlement date:	Dec. 21
Agent:	Barclays
Fees:	0.05%
Cusip:	06741UZ64

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