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Published on 9/29/2014 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $10.23 million bearish notes tied to euro versus dollar

New York, Sept. 29 – Barclays Bank plc priced $10.23 million of 0% FX-linked notes due Oct. 1, 2015 tied to the bearish performance of the euro relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.

If the euro depreciates versus the dollar, the payout at maturity will be 93% of par plus double the absolute value of the change in the exchange rate. If the euro gains, the payout at maturity will be 93% of par.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:FX-linked notes
Underlying currency:Euro versus the dollar
Amount:$10,225,000
Maturity:Oct. 1, 2015
Coupon:0%
Price:Par
Payout at maturity:If euro depreciates versus the dollar, 93% of par plus double the absolute value of the change in the exchange rate; if the euro gains, 93% of par
Initial exchange rate:1.2712
Pricing date:Sept. 25
Settlement date:Sept. 30
Agent:Barclays
Fees:1.25%
Cusip:06741UKB9

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