Barclays plans callable contingent interest notes on three indexes

By Marisa Wong

Morgantown, W.Va., March 2 – Barclays Bank plc plans to price callable contingent interest notes due March 8, 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 coupon barrier, 70% of its initial level, on a quarterly observation date, the notes will pay a contingent coupon for that quarter at an annual rate of 9.8%.

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 70% trigger 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 underwriter. J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are placement agents.

The notes will price on March 3.

The Cusip number is 06741VMD1.

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