New Issue: Barclays prices $2.35 million capped market plus notes linked to GE

By Marisa Wong

Madison, Wis., April 20 – Barclays Bank plc priced $2.35 million of 0% capped market plus notes due Oct. 20, 2016 linked to General Electric Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.

If General Electric stock finishes at or above the 85% barrier price, the payout at maturity will be par plus the greater of the stock return and the digital return of 8%, subject to a maximum return of 15%.

Otherwise, the payout at maturity will be a number of General Electric 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:	General Electric Co. (Symbol: GE)
Amount:	$2.35 million
Maturity:	Oct. 20, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If General Electric stock finishes at or above barrier price, par plus greater of return and 8%, capped at 15%; otherwise, 36.65689 General Electric shares or, at issuer’s option, cash equivalent
Initial price:	$27.28
Barrier level:	$23.19, 85% of initial price
Pricing date:	April 16
Settlement date:	April 21
Agent:	Barclays
Fees:	1%
Cusip:	06741WAP5

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