New Issue: Barclays prices $1.18 million capped market plus notes on Schlumberger

By Toni Weeks

San Luis Obispo, Calif., Aug. 22 – Barclays Bank plc priced $1.18 million of 0% capped market plus notes due Feb. 25, 2016 linked to Schlumberger NV shares, according to a 424B2 filing with the Securities and Exchange Commission.

If Schlumberger stock finishes at or above the 85% barrier level, the payout at maturity will be par plus the greater of any gain up to a maximum return of 20% and a digital return of 6%.

Otherwise, the payout at maturity will be a number of Schlumberger shares equal to $1,000 divided by the initial price or, at the issuer’s option, the cash value of those shares.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Capped market plus notes
Underlying stock:	Schlumberger NV (Symbol: SLB)
Amount:	$1,176,000
Maturity:	Feb. 25, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If Schlumberger stock finishes at or above barrier level on Feb. 22, 2016, par plus any gain, capped at 20% and floor of 6%; otherwise, 9.1391 Schlumberger shares or, at issuer’s option, cash value of those shares
Initial level:	$109.42
Barrier level:	$93.01, 85% of initial price
Pricing date:	Aug. 20
Settlement date:	Aug. 25
Agent:	Barclays
Fees:	1%
Cusip:	06741JW39

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