New Issue: Barclays sells $1.44 million callable contingent payment notes tied to Russell 2000

By Marisa Wong

Madison, Wis., June 12 - Barclays Bank plc priced $1.44 million of callable contingent payment notes due June 15, 2023 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent coupon at an annualized rate of 8% if the index closes above the coupon barrier level, 75% of the initial level, on a quarterly valuation date. Otherwise, no coupon will be paid that quarter.

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

Beginning June 10, 2014, the notes will be callable at par plus the contingent coupon, if any, on any interest payment date.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Callable contingent payment notes
Underlying index:	Russell 2000
Amount:	$1.44 million
Maturity:	June 15, 2023
Coupon:	8% per year, payable quarterly if index closes above coupon barrier level on valuation date for that quarter
Price:	Par
Payout at maturity:	If final level is greater than or equal to barrier level, par; otherwise, full exposure to losses
Call option:	At par on any interest payment date beginning June 10, 2014
Initial index level:	992.67
Coupon barrier level:	744.50, 75% of initial level
Barrier level:	595.60, 60% of initial level
Pricing date:	June 10
Settlement date:	June 13
Underwriter:	Barclays
Fees:	2.75%
Cusip:	06741TXF9

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