Barclays plans callable contingent coupon notes on Russell, Euro Stoxx

By Marisa Wong

Morgantown, W.Va., Oct. 14 – Barclays Bank plc plans to price callable contingent coupon notes due Oct. 30, 2025 linked to the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes pay a coupon at an annualized rate of 11.25% if each index closes at or above its coupon barrier level, 70% of its initial level, on the observation date for that quarter.

The notes are callable at par on any contingent coupon payment date.

If each index finishes at or above its 50% barrier level, the payout at maturity will be par. Otherwise, investors will be fully exposed to the decline of the lesser-performing index.

Barclays is the agent.

The notes will price on Oct. 27 and settle on Oct. 30.

The Cusip number is 06741UN34.

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