New Issue: Barclays prices $2.46 million callable contingent coupon notes linked to Euro Stoxx, Russell

By Angela McDaniels

Tacoma, Wash., May 23 – Barclays Bank plc priced $2.46 million of callable contingent coupon notes due May 23, 2019 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Every six months, the notes pay a coupon at an annualized rate of 9.5% if each index closes at or above its barrier level, 70% of its initial level, on the observation date for that semiannual period.

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

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

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Callable contingent coupon notes
Underlying indexes:	Euro Stoxx 50 and Russell 2000
Amount:	$2.46 million
Maturity:	May 23, 2019
Contingent coupon:	9.5% per year, payable semiannually if each index closes at or above barrier level on observation date for that semiannual period
Price:	Par
Payout at maturity:	If each index finishes at or above barrier level, par plus final coupon; otherwise, full exposure to losses of lesser-performing index
Call option:	At par on any interest payment date
Initial index levels:	1,112.28 for Russell 2000 and 2,962.16 for Euro Stoxx 50
Barrier levels:	778.60 for Russell 200 and 2,073.51 for Euro Stoxx 50; 70% of initial levels
Pricing date:	May 20
Settlement date:	May 27
Agent:	Barclays
Fees:	2.35%
Cusip:	06741V2V3

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