Barclays plans callable contingent pay notes linked to Russell, fund

By Susanna Moon

Chicago, April 8 - Barclays Bank plc plans to price callable contingent quarterly payment notes due April 13, 2018 linked to the Russell 2000 index and the iShares MSCI EAFE index fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay at a contingent quarterly rate of 7.6% annualized if the lowest-performing component closes at or above its 60% barrier level on the valuation date for that quarter.

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

The payout at maturity will be par unless the lowest performing component finishes below its 60% 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 10 and settle on April 15.

The Cusip number is 06741TSS7.

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