New Issue: Barclays sells $17.61 million buffered Stars due 2017 linked to S&P 500

By Susanna Moon

Chicago, June 2 – Barclays Bank plc priced $17.61 million of 0% Strategic Accelerated Redemption Securities due June 16, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at an annual call premium of 6.7% if the index closes at or above the initial level on any of three call dates.

The payout at maturity will be par unless the index falls by more than 5%, in which case investors will be exposed to any losses beyond 5%.

Bank of America Merrill Lynch is the underwriter.

Issuer:	Barclays Bank plc
Issue:	Strategic Accelerated Redemption Securities
Underlying index:	S&P 500
Amount:	$17,606,820
Maturity:	June 16, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless index falls by more than 5%, in which case exposure to any losses beyond 5%
Call:	At par plus 6.7% premium if index closes at or above initial level on Nov. 18, 2016, Feb. 17, 2017 or June 9, 2017
Initial level:	2,090.10
Pricing date:	May 26
Settlement date:	June 3
Agent:	Bank of America Merrill Lynch
Fees:	1.25%
Cusip:	06744K426

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