New Issue: Barclays prices $2.75 million callable contingent pay notes on indexes

By Susanna Moon

Chicago, Jan. 27 – Barclays Bank plc priced $2.75 million of callable contingent payment notes due Jan. 26, 2017 linked to the worst performing of 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 quarterly coupon at an annualized rate of 7% if each underlying component closes at or above its 65% coupon barrier level on a quarterly valuation date.

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

The payout at maturity will be par unless the worst performing component finishes below the 65% barrier level, in which case investors will be fully exposed to any losses of the worst performing component.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Callable contingent payment notes
Underlying indexes:	Russell 2000 and Euro Stoxx 50
Amount:	$2.75 million
Maturity:	Jan. 26, 2017
Coupon:	7% per year, payable quarterly if each index closes at or above barrier level on valuation date for that quarter
Price:	Par
Payout at maturity:	If each index finishes at or above barrier level, par; otherwise, full exposure to decline of worst performing index
Call option:	At par on any quarterly contingent payment date beginning in January 2016
Initial levels:	1,188.93 for Russell, 3,382.55 for Stoxx
Barrier levels:	772.8 for Russell, 2,198.66 for Stoxx; 65% of initial levels
Pricing date:	Jan. 23
Settlement date:	Jan. 28
Underwriter:	Barclays
Fees:	1.25%
Cusip:	06741UPZ1

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