Barclays plans callable contingent coupon notes tied to two indexes

By Marisa Wong

Morgantown, W.Va., March 1 – Barclays Bank plc plans to price callable contingent coupon notes due March 21, 2019 linked to the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent semiannual coupon at an annualized rate of 11% to 12% if each index closes at or above its coupon barrier level, 70% of its initial level, on the observation date for that semiannual period.

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

The payout at maturity will be par unless either index finishes below its 70% barrier level, in which case investors will be fully exposed to any losses of the worse performing index.

Barclays is the agent.

The notes will price on March 18 and settle on March 28.

The Cusip number is 06741U5Q3.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.