Barclays plans callable contingent quarterly pay notes tied to indexes

By Susanna Moon

Chicago, April 1 - Barclays Bank plc plans to price callable contingent quarterly payment notes due April 28, 2016 linked to the S&P 500 index, 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 at a contingent quarterly rate of 8.5% annualized if the lowest-performing component closes at or above its 65% barrier level on the valuation date for that quarter.

The notes are callable at par on any quarterly contingent payment date.

The payout at maturity will be par unless the lowest-performing component finishes below its barrier level, in which case investors will be fully exposed to any losses of the lowest-performing component.

Barclays is the agent.

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

The Cusip number is 06741TSC2.

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