By Susanna Moon
Chicago, May 24 - Barclays Bank plc priced $326,000 of 7% autocallable yield notes due Nov. 26, 2014 linked to the iShares MSCI Brazil Capped index fund and the iShares FTSE China 25 index fund, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be called at par if each underlying component closes at or above its initial level on any quarterly call valuation date.
The payout at maturity will be par unless either underlying component closes below its knock-in barrier - 70% of its initial level - during the life of the notes and the worst performing component finishes below its initial level, in which case investors will be fully exposed to any losses of the worst performing component.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Autocallable yield notes
|
| Underlying components: | iShares MSCI Brazil Capped index fund and iShares FTSE China 25 index fund
|
| Amount: | $326,000
|
| Maturity: | Nov. 26, 2014
|
| Coupon: | 7%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless either underlying component ever dips below knock-in barrier level and worst performing component falls, in which case full exposure to decline of worst-performing underlying component
|
| Call: | At par if each underlying component closes at or above its initial level on any quarter call valuation date
|
| Initial levels: | $55.27 for Brazil fund and $38.12 for China fund
|
| Knock-in barrier: | $38.69 for Brazil fund and $26.68 for China fund; 70% of initial levels
|
| Pricing date: | May 21
|
| Settlement date: | May 24
|
| Agent: | Barclays
|
| Fees: | 2.25%
|
| Cusip: | 06741TUP0
|
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