Barclays plans callable contingent payment notes tied to two indexes

By Susanna Moon

Chicago, June 25 – Barclays Bank plc plans to price callable contingent payment notes due July 31, 2018 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 annual rate of 8.4% 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 either index finishes below its 70% trigger 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 July 24 and settle on July 31.

The Cusip number is 06741UYZ1.

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