Barclays plans contingent coupon callable notes on S&P, Russell, Dow

New York, June 13 – Barclays Bank plc plans to price 7% to 8% callable contingent coupon notes due June 29, 2023 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Dow Jones Industrial average, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 7% to 8% if each underlying index closes at or above its 65% coupon barrier on the observation date for that quarter. The exact coupon will be set at pricing.

Starting on the fourth quarterly observation date, Barclays may call the notes at par on any quarterly interest payment date.

The payout at maturity will be par unless any index closes below its 65% barrier level, in which case investors will be exposed to any losses of the worst performing index.

Barclays is the agent.

The notes will price on June 29 and settle on July 5.

The Cusip number is 06746XEQ2.

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