Barclays plans callable contingent coupon notes on Euro Stoxx, Russell

By Toni Weeks

San Luis Obispo, Calif., July 6 – Barclays Bank plc plans to price callable contingent coupon notes due July 31, 2018 linked to the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each underlying index closes at or above the 70% coupon barrier level on a semiannual review date, the notes will pay a coupon at an annualized rate of at least 9.5% for that interest period. The exact coupon will be set at pricing.

The notes will be callable at par on any semiannual determination date.

If each index finishes at or above the 70% barrier level, the payout at maturity will be par plus the contingent coupon.

Otherwise, investors will be fully exposed to any losses of the worst-performing index.

Barclays is the agent.

The notes will price July 28 and settle July 31.

The Cusip number is 06741UZK3.

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