Barclays plans callable contingent coupon notes tied to Stoxx, Russell

By Angela McDaniels

Tacoma, Wash., April 1 – Barclays Bank plc plans to price callable contingent coupon notes due April 25, 2019 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 will pay a coupon at an annualized rate of 10% to 11% if each index closes at or above its coupon barrier level, 70% of its initial level, on the observation date for that quarter. The exact contingent coupon rate will be set at pricing.

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

If each index finishes at or above its barrier level, 50% of its initial 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 April 22.

The Cusip number is 06741U6X7.

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