Barclays plans contingent income callable notes tied to three indexes

By Marisa Wong

Morgantown, W.Va., March 2 – Barclays Bank plc plans to price contingent income callable securities due March 7, 2019 linked to the least performing of the Euro Stoxx 50 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index closes at or above its downside threshold level, 65% of its initial level, on each day during a quarter, the notes will pay a contingent coupon for that quarter at an annual rate of 8.5%.

The notes are callable at par on any contingent coupon payment date other than the final one.

If each index finishes at or above its 65% downside threshold level, the payout at maturity will be par plus the final contingent coupon. If the final level of any index is less than its downside threshold level, investors will be fully exposed to the decline of the least-performing index.

Barclays is the agent. Morgan Stanley Wealth Management is acting as a dealer.

The notes will price on March 3.

The Cusip number is 06741VN57.

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