New Issue: Barclays prices $2.93 million autocallable notes linked to three stocks

By Wendy Van Sickle

Columbus, Ohio, April 5 – Barclays Bank plc priced $2.93 million of autocallable notes due March 29, 2019 linked to the least performing of the commons stocks of Marathon Oil Corp., Chevron Corp. and Valero Energy Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a monthly coupon at an annualized rate of 11.25%.

The notes will be called at par if each stock closes at or above its initial share price on any quarterly call valuation date after six months.

The payout at maturity will be par unless any stock finishes below its barrier level, 55% of its initial share price, in which case investors will lose 1% for each 1% decline of the least-performing stock.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable notes
Underlying stocks:	Marathon Oil Corp., Chevron Corp. and Valero Energy Corp.
Amount:	$2,931,000
Maturity:	March 29, 2019
Coupon:	11.25%, 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
Initial prices:	$15.23 for Marathon, $138.96 for Chevron, $832.15 for Valero
Barrier prices:	$8.38 for Marathon, $138.96 for Chevron, $832.15 for Valero; 55% of initial prices
Pricing date:	March 28
Settlement date:	March 31
Agent:	Barclays
Fees:	3%
Cusip:	06741VLM2

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