New Issue: Barclays sells $1.23 million autocallable notes on Halliburton, Nabors

By Wendy Van Sickle

Columbus, Ohio, June 6 – Barclays Bank plc priced $1.23 million of 11% autocallable notes due May 29, 2020 linked to the least performing of the common stocks of Halliburton Co. and Nabors Industries Ltd., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be called at par if each stock closes at or above its initial level on any quarterly call date beginning Nov. 29.

The payout at maturity will be par unless any stock finishes below its 50% barrier level, in which case investors will lose 1% for each 1% decline of the worst performing stock.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable notes
Underlying stocks:	Halliburton Co., Nabors Industries Ltd.
Amount:	$1,225,000
Maturity:	May 29, 2020
Coupon:	11%, payable monthly
Price:	Par of $1,000
Payout at maturity:	Par unless any stock finishes below its barrier price, in which case investors will lose 1% for each 1% decline of the worst performing stock
Call:	At par if each stock closes at or above its initial level on any quarterly determination date beginning Nov. 29
Initial prices:	$49.76 for Halliburton, $7.30 for Nabors
Barrier levels:	$24.88 for Halliburton, $3.65 for Nabors; 50% of initial levels
Pricing date:	May 29
Settlement date:	May 31
Agent:	Barclays
Fees:	2.5%
Cusip:	06746XCZ4

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