New Issue: Barclays prices $5.5 million contingent income autocallables on JPMorgan, Google

By Marisa Wong

Madison, Wis., May 27 - Barclays Bank plc priced $5.5 million of contingent income autocallable securities due May 26, 2017 linked to the common stock of JPMorgan Chase & Co. and the class C capital stock of Google Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If JPMorgan and Google shares close at or above their downside threshold levels - 70% of the respective initial share prices - on a quarterly determination date, investors will receive a contingent payment of at least $0.2025 for each $10.00 note. Otherwise, no contingent payment will be made for that quarter.

If the closing share price of each underlying stock is greater than or equal to its initial share price on any quarterly determination date after one year, other than the final determination date, the notes will be automatically redeemed at par plus the contingent payment.

If the notes are not called and the final share price of each underlying stock is greater than or equal to its downside threshold level, the payout at maturity will be par plus the contingent payment. If the final price of either stock is less than its downside threshold level, the payout will be a number of shares of the worst-performing stock equal to $10.00 divided by the initial share price or, at the issuer's option, an amount in cash equal to the value of those shares.

Barclays is the agent. Distribution is through Morgan Stanley Wealth Management.

Issuer:	Barclays Bank plc
Issue:	Contingent income autocallable securities
Underlying stocks:	JPMorgan Chase & Co. (NYSE: JPM), Google Inc. (Nasdaq: GOOG)
Amount:	$5,496,000
Maturity:	May 26, 2017
Coupon:	2.025% per quarter, payable if JPMorgan and Google stocks close at or above their downside threshold levels on quarterly determination date
Price:	Par of $10.00
Payout at maturity:	If final share price of each underlying stock is greater than or equal to its downside threshold level, par plus contingent payment; if final price of either stock is less than its downside threshold level, a number of shares of worst-performing stock equal to $10.00 divided by initial share price or, at issuer's option, cash amount equal to value of those shares
Call:	Automatically at par plus contingent payment if closing share price of each underlying stock is greater than or equal to its initial share price on any quarterly determination date after one year, other than final determination date, the notes will be automatically redeemed at par plus the contingent payment
Initial prices:	$54.53 for JPMorgan, $552.70 for Google
Downside thresholds:	$38.17 for JPMorgan, $386.89 for Google, 70% of initial prices
Pricing date:	May 23
Settlement date:	May 28
Agent:	Barclays
Distribution:	Morgan Stanley Wealth Management
Fees:	2.25%
Cusip:	06742K246

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