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Published on 1/4/2016 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $3.54 million autocallables linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., Jan. 4 – Barclays Bank plc priced $3.54 million of autocallable securities due Jan. 5, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

Beginning Jan. 3, 2017, the notes will be called at par of $10 plus an annualized premium of 9.1% if the index closes at or above its initial level on any quarterly review date.

The payout at maturity will be par of $10 plus 45.5% if the index closes at or above its initial level on the final review date. If the index closes below its initial level but at or above the trigger value, 75% of the initial level, the payout will be par. Otherwise, investors will be fully exposed to the decline.

Barclays is the agent. Morgan Stanley Wealth Management is a dealer.

Issuer:Barclays Bank plc
Issue:Autocallable securities
Underlying index:Euro Stoxx 50
Amount:$3,536,000
Maturity:Jan. 5, 2021
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 45.5% if index finishes at or above initial level; par if index closes below initial level but at or above trigger value; otherwise, full exposure to index’s decline
Call:Beginning Jan. 3, 2017, automatically at par plus annualized premium of 9.1% if index closes at or above initial level on any quarterly review date
Initial level:3,287.98
Trigger value:2,465.985, 75% of initial level
Pricing date:Dec. 30
Settlement date:Jan. 5
Agent:Barclays
Selected dealer:Morgan Stanley Wealth Management
Fees:3%
Cusip:06743T394

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