New Issue: Barclays prices $906,000 callable contingent coupon notes on Russell, S&P

By Wendy Van Sickle

Columbus, Ohio, Jan. 9 – Barclays Bank plc priced $906,000 of callable contingent coupon notes due Jan. 9, 2020 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent quarterly coupon at an annual rate of 7.25% if each index closes at or above its trigger, 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 70% trigger, 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 after six months.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Callable contingent coupon notes
Underlying indexes:	Russell 2000, S&P 500
Amount:	$906,000
Maturity:	Jan. 9, 2020
Coupon:	7.25% annualized, payable each quarter that each index closes at or above trigger on observation date for that period
Price:	Par
Payout at maturity:	Par unless either index finishes below trigger, in which case full exposure to loss of worse performing index
Call option:	At par on any interest payment date beginning in June
Initial levels:	2,270.75 for S&P 500 and 1,387.95 for Russell 2000
Trigger levels:	1,589.53 for S&P 500 and 971.57 for Russell 2000; 70% of initial levels
Pricing date:	Jan. 4
Settlement date:	Jan. 9
Agent:	Barclays
Fees:	2%
Cusip:	06741VGB2

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