MediumRiskYieldEnhancement

Contingent Income Auto-Callable on TSLA

Investment Terms• Issuer – Barclays• Notional- $13,511,480.00• Unit Size-1,351,148 units• CUSIP- 06742W414• Underlying- Tesla Motors,

Inc.• Pricing date- 7/18/2014• Maturity data-7/22/2015• Max Return- 115.7%• Minimum Return- 0%

Issuer Details• Issuer - Barclays• S&P Credit Rating.• Market capitalization

60.31 Bn• CDS 5y spread 85 bps

Investment underlying opportunity: Tesla Motors, Inc. (TSLA) stock had been performing wellover the last few months. The stock rose from $149.56 to $224.54 by July 24th, 2014 increasingalmost 50% since January. This is due to variety of new strategic developments that have resultedin the stock price growth. Notable news the open sourcing of its patents and the introduction ofthe CUV known as Model X and a smaller sedan known as the Model III. This stock might pullback temporarily but has good potential for appreciation. This would suggest stock has highprobability to move with in a narrow range.

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Risk Return Dashboard

ExpectedReturn

5.93 %

Volatility 2.8%

Risk Score 3

CapitalGuaranteed

No

MaximumLoss

100% ofinvestment

Performance Measure

ExpectedReturn

High

Market Risk High

Issuer Risk Low

Complexity Low

TSLA statistics

Beta 1.37

P/E N/A

RoE -18.7%

Current Ratio 1.9

Leverage Ratio 3.6

Altman's Z-Score 10.36

Dividend Yield 0.0

Total Debt/Equity 0.91

Structured note investment underlyinghas beta of 1.37, the Z-scoreis 10.36, and it has high debtto equity.

Currently TSLA shares are at $223.54 itscompetators Toyota( TM ) , General Motors (GM)and Ford (F) are at $119.38, $35.74 and $19.60respectively.

This is a company that is about 4 years old.

This note has one year to maturity.The expected return is good.This position pays limited amount onthe upside with potential to lossall of the initial investment . This is agood investment if the underlyingstock moves with in a narrow range.

Investment Metrics

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Note Performance

(Historical)

Note Performance(Future – Stress test)

Return 4.125% Per quarterly 4.125% Per quarterly

Note Payoff 117 max 117 max

Probability of Gain 1 1

Risk Score 3 3

Volatility 2.8% 2.8%

Probability of Loss 0 0

Expected Maturity 1 Year 1 Year

This note has returned 4.125% per quarterly historically with a probability of gain of 1.Therefore from a mathematical perspective, this note is most certain to deliver theexpected return without losing the principal.

Investment Performance

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Recommendation: Metrics and historical analysis concludes this investment is a risky one for aconservative investor. In current market environment for an adventurous investor this investment willdefinitely help to obtain 4.125% Per quarterly with protection up to a 30% decline in the stock price.

Pros Cons

•Note provides a coupon of 4.125% aslong as note is above 70% of initiallevel

•Note offers exciting opportuneexposure to Tesla Motors stock

•Note has potential to loss entireinvested principal if markets declinebelow 70% of initial level

•Historically this note has lost moneymany times•If the stock performs extremely wellor bad then note returns are limitedon upside to losing all of the investedamount

Score Card: Reverse Convertible on GMCR

Market Direction (SP 500):

Market Vol (SP 500):

Underlying Direction:

Underlying Vol:

Issuer Credit (CDS):

Investor Risk Appetite:

Investment Recommendation

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Disclaimer: This report is prepared by Gatick Global solutions team. This isnot an investment advise.

Contact Details:Karthik Misra and Chandra S Khandrika for further details and questions

Bearish Bullish

Low High

Bearish Bullish

Low High

Low High

Low High