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Published on 9/3/2015 in the Prospect News Structured Products Daily.

Barclays plans callable contingent coupon notes tied to three indexes

New York, Sept. 3 – Barclays Bank plc plans to price callable contingent coupon notes due Sept. 7, 2018 linked to 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.

Every quarter, the notes will pay a coupon if each index closes at or above its coupon barrier level, 60% of its initial level, on the observation date for that quarter. The contingent coupon rate will be at least 10% and will be set at pricing.

The notes will be callable by Barclays at par on any contingent coupon payment date.

If each index finishes at or above its 60% barrier level, the payout at maturity will be par plus the final contingent coupon. Otherwise, investors will be fully exposed to the decline of the worst performing index.

Barclays is the agent.

The notes will price on Sept. 4 and settle on Sept. 10.

The Cusip number is 06741UJ88.


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