Barclays plans callable contingent payment notes linked to three indexes

By Susanna Moon

Chicago, March 14 - Barclays Bank plc plans to price callable contingent payment notes due June 22, 2015 linked to worst performing of 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 a contingent coupon at an annualized rate of 9.5% for each quarter that all of the components close above the 75% coupon barrier level on a quarterly valuation date.

The notes are callable at par plus the contingent coupon on any interest payment date.

The payout at maturity will be par unless any component finishes below the 75% barrier level, in which case investors will be fully exposed to any losses of the worst performing component.

The exact deal terms will be set at pricing.

Barclays is the agent.

The notes will price on March 17 and settle on March 20.

The Cusip number is 06741UAH7.

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