Barclays plans callable contingent interest notes on three indexes

By Susanna Moon

Chicago, Jan. 12 – Barclays Bank plc plans to price callable contingent interest notes due July 18, 2018 linked to the worst performing of the S&P 500 index, the Russell 2000 index and the Stoxx Europe 600 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 8.1% if each index closes at or above its coupon barrier, 70% of its initial level, on the review date for that quarter.

The notes will be callable at par plus the contingent coupon on any call date.

The payout at maturity will be par plus the contingent coupon unless any index finishes below its 70% trigger level, in which case investors will lose 1% for each 1% decline of the worst performing index.

Barclays is the agent. J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA will be the placement agents.

The notes will settle on Jan. 18.

The Cusip number is 06741VH96.

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