New Issue: Barclays sells $5.77 million airbag return notes linked to SPDR S&P 500

By Susanna Moon

Chicago, Oct. 30 - Barclays Bank plc priced $5.77 million of airbag return optimization notes due Oct. 31, 2016 linked to the SPDR S&P 500 exchange-traded fund trust, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par 150% of any fund gain, capped at 24.45%, unless the final share price is less than the conversion price, in which case the payout will be a number of 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 underwriters.

Issuer:	Barclays Bank plc
Issue:	Airbag return optimization notes
Underlying fund:	SPDR S&P 500 ETF trust
Amount:	$5,769,000
Maturity:	Oct. 31, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If final share price is less than conversion price, 6.6756 shares; otherwise, par plus 150% of any gain, capped at 24.45%
Initial share price:	$176.24
Conversion price:	$149.80, 85% of initial share price
Pricing date:	Oct. 28
Settlement date:	Oct. 31
Underwriters:	UBS Financial Services Inc. and Barclays
Fees:	2.5%
Cusip:	06742E877

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