Barclays plans callable contingent coupon notes linked to two indexes

By Susanna Moon

Chicago, May 11 – Barclays Bank plc plans to price callable contingent coupon notes due May 29, 2020 linked to the lesser performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 7.25% if each underlying component closes at or above its 70% coupon barrier on the observation date for that quarter.

The notes are callable in whole but not in part on any contingent coupon payment date beginning with the second observation date.

The payout at maturity will be par unless either underlying component finishes below its 70% barrier level, in which case investors will lose 1% for each 1% decline of the worse performing component.

Barclays is the agent.

The notes will price on May 25 and settle on May 31.

The Cusip number is 06741VTG7.

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