Barclays plans 6%-7% contingent coupon callables tied to three indexes

By Susanna Moon

Chicago, April 11 – Barclays Bank plc plans to price callable contingent coupon notes due April 28, 2023 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annualized rate of 6% to 7% if each index closes at or above its 60% of coupon barrier on the observation date for that quarter.

The notes are callable at par on any contingent interest payment date after one year.

The payout at maturity will be par unless any index finishes below its 60% barrier level, in which case investors will be fully exposed to any losses of the worst performing index.

Barclays is the agent.

The notes will price on April 25 and settle on April 30.

The Cusip number is 06746X4D2.

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