Barclays plans callable contingent coupon notes linked to indexes

By Susanna Moon

Chicago, March 23 – Barclays Bank plc plans to price callable contingent coupon notes due March 31, 2023 linked to the lesser performing of 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 coupon barrier level, 70% of its initial level, on the observation date for that quarter.

The payout at maturity will be par unless either index finishes below its 50% barrier level, in which case investors will be fully exposed to any losses of the worse performing index.

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

Barclays is the agent.

The notes will price on March 29 and settle on March 31.

The Cusip number is 06741U5T7.

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