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Published on 6/9/2016 in the Prospect News Structured Products Daily.

Barclays plans callable contingent coupon notes on Stoxx 50, Russell

New York, June 9 – Barclays Bank plc plans to price callable contingent coupon notes due June 28, 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.

The notes will pay a contingent quarterly coupon at an annual rate of 7.5% to 8% if each index closes at or above its coupon barrier level, 65% of its initial level, on the observation date for that period. The exact coupon will be set at pricing.

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 65% 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 June 27 and settle on June 30.

The Cusip number is 06741V5D0.


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