Barclays plans callable contingent coupon notes on Stoxx 50, Russell

By Susanna Moon

Chicago, March 22 – Barclays Bank plc plans to price callable contingent coupon notes due March 31, 2020 linked to the lesser performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 9% per year if each index closes at or above its coupon barrier, 70% of its initial level, on a quarterly observation date.

The notes are callable in whole but not in part on any contingent coupon payment date after six months.

The payout at maturity will be par plus the final contingent coupon unless either underlying index finishes below its 70% barrier level, in which investors will lose 1% for each 1% decline of the worse performing index.

Barclays is the agent.

The notes will price on March 28 and settle on March 31.

The Cusip number is 06741VMM1.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.