New Issue: Barclays sells $1.2 million 16.5% autocallables tied to energy stocks

By Susanna Moon

Chicago, July 31 – Barclays Bank plc priced $1.2 million of 16.5% autocallable notes due July 30, 2019 linked to the lesser performing of the common stocks of Chesapeake Energy Corp., Hess Corp. and Southwestern Energy Co., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be called at par if each underlying stock closes at or above its initial level on any quarterly valuation date.

If the notes are not called, the payout at maturity will be par unless any underlying asset finishes below its 50% barrier level, in which case investors will lose 1% for each 1% decline of the worst performing stock.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable notes
Underlying assets:	Chesapeake Energy Corp. (Symbol: CHK), Hess Corp. (Symbol: HES) and Southwestern Energy Co. (Symbol: SWN)
Amount:	$1,204,000
Maturity:	July 30, 2019
Coupon:	16.5%, payable monthly
Price:	Par
Payout at maturity:	If each underlying stock finishes at or above 50% barrier, par; otherwise, 1% loss for each 1% decline of worst performing stock
Call:	At par if each underlying asset closes at or above its initial level on any quarterly valuation date
Initial levels:	$4.85 for Chesapeake, $45.37 for Hess and $5.92 for Southwestern
Barrier levels:	$2.43 for Chesapeake, $22.69 for Hess and $2.96 for Southwestern; 50% of initial levels
Pricing date:	July 25
Settlement date:	July 28
Agent:	Barclays
Fees:	3%
Cusip:	06744CCM1

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