New Issue: Barclays prices $695,000 autocallables linked to Intel

By Angela McDaniels

Tacoma, Wash., June 9 – Barclays Bank plc priced $695,000 of autocallable notes due June 10, 2020 linked to the common stock of Intel Corp., according to a 424B2 filing with the Notes and Exchange Commission.

The notes will be called at par plus a redemption premium of 8.9% per year if the stock closes at or above its initial price on any quarterly call valuation date beginning in June 2016.

If the notes are not called and the stock finishes at or above the barrier price, 70% of the initial price, the payout at maturity will be par. If the stock finishes below the barrier price, investors will be fully exposed to the stock’s decline.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable notes
Underlying stock:	Intel Corp. (Symbol: INTC)
Amount:	$695,000
Maturity:	June 10, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If notes are not called and stock finishes at or above barrier price, par; if stock finishes below barrier price, full exposure to stock’s decline
Call:	At par plus redemption premium of 8.9% per year if stock closes at or above initial price on any quarterly call valuation date beginning in June 2016
Initial share price:	$31.84
Barrier price:	$22.29, 70% of initial share price
Pricing date:	June 5
Settlement date:	June 10
Agent:	Barclays
Fees:	2.85%
Cusip:	06741UYA6

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