New Issue: Barclays prices $8.15 million callable contingent coupon notes tied to three indexes

By Susanna Moon

Chicago, June 1 – Barclays Bank plc priced $8.15 million of callable contingent coupon notes due Nov. 27, 2020 linked to the FTSE 100 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent quarterly coupon at an annual rate of 8.7% if each index closes at or above its coupon barrier level, 65% of its initial level, on the observation date for that quarter.

The payout at maturity will be par unless any index finishes below its 65% barrier, in which case investors will lose 1% for each 1% decline of the worst performing index.

The notes are callable at par on any quarterly observation date after one year.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Callable contingent coupon notes
Underlying indexes:	FTSE 100, Russell 2000, Euro Stoxx 50
Amount:	$8,154,000
Maturity:	Nov. 27, 2020
Coupon:	8.7% annualized, per quarter that each index closes at or above 65% coupon barrier on observation date for that quarter
Price:	Par
Payout at maturity:	Par unless any index finishes below barrier level, in which case 1% loss for each 1% decline of worst performing index
Call option:	At par on any observation date beginning May 2018
Initial levels:	7,496.34 for FTSE, 1,377.14 for Russell, 3,576.53 for Stoxx
Barrier levels:	4,872.62 for FTSE, 895.14 for Russell, 2,324.74 for Stoxx; 65% of initial levels
Pricing date:	May 22
Settlement date:	May 25
Agent:	Barclays
Fees:	1.75%
Cusip:	06741VVZ2

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