New Issue: Barclays prices $470,000 notes with variable coupon linked to 10 stocks

By Toni Weeks

San Luis Obispo, Calif., Sept. 26 - Barclays Bank plc priced $470,000 of notes due Sept. 29, 2020 linked to a basket of common stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The equally weighted basket includes AT&T Inc., Darden Restaurants, Inc., Eli Lilly and Co., Exelon Corp., Intel Corp., Lockheed Martin Corp., Starbucks Corp., Walgreen Co., Wells Fargo & Co. and Verizon Communications Inc.

The notes will pay a coupon each year equal to the average of the basket stocks' performances, subject to a minimum of 2%.

If a basket stock's return is zero or positive, its performance will be 6%. If a basket stock's return is negative, its performance will be the greater of its return and negative 15%.

The payout at maturity will be par.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Notes
Underlying basket:	AT&T Inc., Darden Restaurants, Inc., Eli Lilly and Co., Exelon Corp., Intel Corp., Lockheed Martin Corp., Starbucks Corp., Walgreen Co., Wells Fargo & Co. and Verizon Communications Inc., equally weighted
Amount:	$470,000
Maturity:	Sept. 29, 2020
Coupon:	Equal to average of basket performance, floor of 2%; if stock's return is zero or positive, its performance will be 6%; if stock's return is negative, its performance will be greater of its return and negative 15%
Price:	Par
Payout at maturity:	Par
Pricing date:	Sept. 24
Settlement date:	Sept. 30
Agent:	Barclays
Fees:	3.5%
Cusip:	06741TG92

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