New Issue: Barclays prices $4.53 million callable contingent coupon notes on Terex

By Susanna Moon

Chicago, Sept. 30 – Barclays Bank plc priced $4.53 million of callable contingent coupon notes due Sept. 29, 2016 linked to Terex Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annualized rate of 12.4% for each quarter that Terex shares close above the 70% coupon barrier level on a quarterly valuation date.

The notes are callable at par plus the contingent coupon on any interest payment date.

The payout at maturity will be par unless the Terex shares finish below the 70% knock-in barrier level, in which case investors will receive a number of Terex 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:	Callable contingent coupon notes
Underlying stock:	Terex Corp. (Symbol: TEX)
Amount:	$4,529,00
Maturity:	Sept. 29, 2016
Coupon:	12.4% per year, payable quarterly, if stock closes at or above barrier level on quarterly observation date
Price:	Par
Payout at maturity:	Par unless stock finishes below knock-in level, in which case 31.21099 Terex shares or, at issuer’s option, cash value of those shares
Call option:	At par plus contingent coupon on any interest payment date
Initial price:	$32.04
Barrier/knock-in level:	$22.43, 70% of initial price
Pricing date:	Sept. 25
Settlement date:	Sept. 30
Agent:	Barclays
Fees:	1.75%
Cusip:	06741JX20

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