Barclays plans callable contingent coupon notes linked to indexes

By Marisa Wong

Morgantown, W.Va., Jan. 21 – Barclays Bank plc plans to price callable contingent coupon notes due Jan. 25, 2019 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.

The notes pay a contingent quarterly coupon at an annual rate of 10% if each index closes at or above its barrier level, 55% of its initial level, on the observation date for that quarter.

The payout at maturity will be par unless any index finishes below its 55% barrier level, in which case investors will be fully exposed to any losses of the worst performing index.

The notes are callable at par on any interest payment date.

Barclays is the agent.

The notes will price on Jan. 22 and settle on Jan. 27.

The Cusip number is 06741U4B7.

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