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Published on 1/19/2017 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $7.92 million $5.39 million 5.85% callable notes tied to three indexes

By Susanna Moon

Chicago, Jan. 19 – Barclays Bank plc priced $7.92 million of 5.85% fixed coupon callable securities due Jan. 17, 2019 linked to the worst performing of the Russell 2000 index, the Euro Stoxx 50 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The notes are callable at par on any quarterly payment date other than the final date after six months.

The payout at maturity will be par plus the coupon unless any index finishes below the 60% trigger level, in which case investors will be fully exposed to any losses of the worst performing index.

Barclays is the agent with Morgan Stanley Wealth Management as dealer.

Issuer:Barclays Bank plc
Issue:Fixed coupon callable securities
Underlying indexes:S&P 500, Russell 2000, Euro Stoxx 50
Amount:$7,919,000
Maturity:Jan. 17, 2019
Coupon:5.85%, payable quarterly
Price:Par
Call option:At par on any payment date other than final date beginning July 18, 2017
Payout at maturity:Par unless any index finishes below 60% trigger level, in which case full exposure to any losses of the worst performing index
Initial levels:1,372.047 for Russell, 2,274.64 for S&P, 3,324.34 for Stoxx
Trigger levels:823.228 for Russell, 1,364.784 for S&P, 1,994.604 for Stoxx; 60% of initial levels
Pricing date:Jan. 13
Settlement date:Jan. 19
Agent:Barclays with Morgan Stanley Wealth Management as dealer
Fees:1.5%
Cusip:06741VH70

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