Barclays plans callable contingent payment notes tied to three indexes

By Susanna Moon

Chicago, March 6 – Barclays Bank plc plans to price callable contingent payment notes due March 14, 2017 linked to linked to the worst performing of the S&P 500 index, 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 8% if each index closes at or above its coupon barrier level, 70% of the initial 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 index finishes below the 70% barrier level, in which case investors will be fully exposed to any losses of the worst performing index.

Barclays is the agent.

The notes will price on March 9 and settle on March 12.

The Cusip number is 06741USK1.

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