New Issue: Barclays prices $1 million 6% callable yield notes linked to GE

By Angela McDaniels

Tacoma, Wash., Nov. 6 – Barclays Bank plc priced $1 million of 6% callable yield notes due Nov. 5, 2017 linked to the common stock of General Electric Co., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The notes are callable at par on any interest payment date.

If the notes are not called, the payout at maturity will be par unless the stock finishes below the barrier price, 80% 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 GE shares equal to $1,000 divided the initial share price.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Callable yield notes
Underlying stock:	General Electric Co. (Symbol: GE)
Amount:	$1 million
Maturity:	Nov. 5, 2017
Coupon:	6%, payable quarterly
Price:	Par
Payout at maturity:	Par unless stock finishes below barrier price, in which case full exposure to stock’s decline or, at issuer’s option, 34.01361 GE shares
Call option:	At par on any interest payment date
Initial share price:	$29.40
Barrier price:	$23.52, 80% of initial share price
Pricing date:	Nov. 2
Settlement date:	Nov. 5
Agent:	Barclays
Fees:	1%
Cusip:	06741WBF6

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