New Issue: Barclays prices $12.74 million 6.5% buffered autocallables tied to S&P 500, Russell

By Susanna Moon

Chicago, June 24 – Barclays Bank plc priced $12.74 million of 6.5% buffered autocallable notes due Dec. 27, 2017 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

Interest is payable quarterly.

The notes will be called at par plus an annualized call premium of 9% if each index closes above its initial level on either quarterly call review date.

The payout at maturity will be par unless either index falls by more than 20%, in which case investors will lose 1.25% for every 1% decline of the worse performing index beyond 20%.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Buffered autocallable notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$12,737,000
Maturity:	Dec. 27, 2017
Coupon:	6.5%, payable quarterly
Price:	Par of $1,000
Payout at maturity:	Par unless either index falls by more than 20%, in which case 1.25% loss per 1% decline of worse performing index beyond 20%
Call:	Par plus 9% if each index closes above initial level on Dec. 21, 2016 or June 22, 2017
Initial levels:	2,088.90 for S&P, 1,153.87 for Russell
Pricing date:	June 22
Settlement date:	June 27
Agent:	Barclays
Fees:	0.05%
Cusip:	06741V5P3

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