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Published on 11/26/2014 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $3.25 million 18.1% autocallables on GameStop, Micron

New York, Nov. 26 – Barclays Bank plc priced $3.25 million of 18.1% autocallable notes due May 29, 2015 linked to the worst performing of the common stock of GameStop Corp. and Micron Technology, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The notes will be automatically called at par if the closing price of each stock is equal to or greater than its initial stock price on any quarterly call date.

The payout at maturity will be par unless either reference stock finishes below its barrier price, 75% of its initial price, in which case the payout will be a number of shares of the worst-performing stock equal to $1,000 divided by that stock’s initial share price or, at Barclays’option, the cash value of those shares.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Autocallable notes
Underlying stocks:GameStop Corp. (Symbol: GME) and Micron Technology, Inc. (Symbol: MU)
Amount:$3.25 million
Maturity:May 29, 2015
Coupon:18.1%, payable quarterly
Price:Par
Payout at maturity:Par unless either reference stock finishes below its barrier price, 75% of its initial price, in which case a number of shares of the worst-performing stock equal to $1,000 divided by that stock’s initial share price or, at Barclays’ option, the cash value of those shares
Call:Automatically at par on a quarterly call date if each stock closes at or above its respective initial price
Initial share prices:$37.76 for GameStop, $34.73 for Micron
Barrier prices:$28.32 for GameStop, $26.05 for Micron, 75% of initial prices
Pricing date:Nov. 25
Settlement date:Nov. 28
Underwriter:Barclays
Fees:2.5%
Cusip:06741UMD3

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