New Issue: Barclays prices $1.99 million 7.93% airbag autocallables on Baidu

By Marisa Wong

Madison, Wis., May 14 - Barclays Bank plc priced $1.99 million of 7.93% airbag autocallable yield optimization notes due May 16, 2014 linked to the American depositary shares of Baidu, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The notes will be called automatically at par if Baidu shares close at or above the initial share price on Aug. 13, Nov. 13, Feb. 13, 2014 or May 12, 2014.

The payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of Baidu shares equal to $1,000 divided by the conversion price. The conversion price is 85% of the initial share price.

UBS Financial Services Inc. and Barclays are the agents.

Issuer:	Barclays Bank plc
Issue:	Airbag autocallable yield optimization notes
Underlying ADSs:	Baidu, Inc. (Symbol: BIDU)
Amount:	$1,992,000
Maturity:	May 16, 2014
Coupon:	7.93%, payable monthly
Price:	Par
Payout at maturity:	Par unless final share price is less than conversion price, in which case 12.3259 Baidu shares
Call:	Automatically at par if Baidu shares close at or above initial share price on Aug. 13, Nov. 13, Feb. 13, 2014 or May 12, 2014
Initial price:	$95.45
Conversion price:	$81.13, 85% of initial price
Pricing date:	May 10
Settlement date:	May 15
Agents:	UBS Financial Services Inc. and Barclays
Fees:	1.5%
Cusip:	06742C186

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