New Issue: Barclays prices $4.71 million capped market plus notes linked to Apple

By Marisa Wong

Madison, Wis., Feb. 27 – Barclays Bank plc priced $4.71 million of 0% capped market plus notes due Aug. 30, 2016 linked to Apple Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

If Apple stock finishes at or above the 80% barrier price, the payout at maturity will be par plus the greater of the stock return and the digital return of 11%, subject to a maximum return of 20%.

Otherwise, the payout at maturity will be a number of Apple shares equal to $1,000 divided by the initial price or, at the issuer’s option, the cash equivalent.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Capped market plus notes
Underlying stock:	Apple Inc. (Symbol: AAPL)
Amount:	$4,705,000
Maturity:	Aug. 30, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If Apple stock finishes at or above barrier price, par plus greater of return and 11%, capped at 20%; otherwise, 7.76458 Apple shares or, at issuer’s option, cash equivalent
Initial level:	$128.79
Barrier level:	$103.03, 80% of initial price
Pricing date:	Feb. 25
Settlement date:	March 2
Agent:	Barclays
Fees:	1%
Cusip:	06741WAF7

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