New Issue: Barclays prices $2 million autocallable range accrual notes on Tesla

By Marisa Wong

Madison, Wis., Nov. 19 – Barclays Bank plc priced $2 million of autocallable range accrual notes due Nov. 22, 2017 linked to Tesla Motors, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will accrue at 9% annualized for each day that Tesla Motors shares close at or above the barrier level, 55% of the initial price. Interest will be payable monthly.

The notes will be called if the stock closes at or above its initial level on any quarterly call valuation date.

The payout at maturity will be par unless the stock finishes below the 55% barrier level, in which case investors will be fully exposed to any losses.

Barclays is the agent.

Issuer:	Barclay Bank plc
Issue:	Autocallable range accrual notes
Underlying stock:	Tesla Motors, Inc. (Symbol: TSLA)
Amount:	$1,995,000
Maturity:	Nov. 22, 2017
Coupon:	9% per year multiplied by proportion of days on which Tesla shares close at or above barrier price; payable monthly
Price:	Par
Payout at maturity:	If final share price is at least 55% of initial price, par; otherwise, investors will share fully in losses from initial price
Call:	Automatically at par plus accrued interest if closing share price on any quarterly call valuation date is greater than or equal to initial price
Initial share price:	$253.98
Barrier price:	$139.69, 55% of initial price
Pricing date:	Nov. 17
Settlement date:	Nov. 20
Underwriter:	Barclays
Fees:	3.25%
Cusip:	06741ULT9

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