New Issue: Barclays prices $1.07 million callable contingent coupon notes on Stoxx 50, S&P 500

By Susanna Moon

Chicago, Feb. 11 – Barclays Bank plc priced $1.07 million of callable contingent coupon notes due Feb. 13, 2019 linked to the lesser performing of the Euro Stoxx 50 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent semiannual coupon at an annual rate of 8% if each index closes at or above its barrier level, 57% of its initial level, on the observation date for that period.

The notes are callable at par on any interest payment date.

The payout at maturity will be par unless either index finishes at below its 57% barrier level, in which case investors will be fully exposed to any losses of the worse performing index.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Callable contingent coupon notes
Underlying indexes:	Euro Stoxx 50 and S&P 500
Amount:	$1,065,000
Maturity:	Feb. 13, 2019
Contingent coupon:	8% per year, payable semiannually if each index closes at or above barrier level on observation date for that period
Price:	Par
Payout at maturity:	If each index finishes at or above barrier level, par; otherwise, full exposure to losses of worse performing index
Call option:	At par on any interest payment date
Initial levels:	1,853.44 for S&P, 2,785.17 for Stoxx
Barrier levels:	1,056.46 for S&P, 1,587.55 for Stoxx; 57% of initial levels
Pricing date:	Feb. 8
Settlement date:	Feb. 16
Agent:	Barclays
Fees:	0.7%
Cusip:	06741U4X9

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