New Issue: Barclays prices $9.23 million callable contingent payment notes tied to Euro Stoxx 50

By Toni Weeks

San Luis Obispo, Calif., March 27 - Barclays Bank plc priced $9.23 million of callable contingent payment notes due March 30, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent coupon at an annualized rate of 8% if the index closes above the coupon barrier level, 70% of the initial level, on a quarterly valuation date. Otherwise, no coupon will be paid that quarter.

The notes are callable at par plus the contingent coupon on any interest payment date beginning April 1, 2014.

The payout at maturity will be par unless the index finishes below the 50% barrier level, in which case investors will be fully exposed to losses.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Callable contingent payment notes
Underlying index:	Euro Stoxx 50
Amount:	$9,234,000
Maturity:	March 30, 2023
Coupon:	8% per year, payable quarterly if index closes above coupon barrier level on valuation date for that quarter
Price:	Par
Payout at maturity:	If final level is greater than or equal to barrier level, par; otherwise, full exposure to losses
Call option:	At par on any quarterly contingent payment date beginning April 1, 2014
Initial level:	2,649.28
Coupon barrier level:	1,854.5, 70% of initial level
Barrier level:	1,324.64, 50% of initial level
Pricing date:	March 25
Settlement date:	March 28
Underwriter:	Barclays
Fees:	4%
Cusip:	06741TQA8

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