New Issue: Barclays prices $3.79 million of callable contingent coupon notes on Russell, S&P

By Devika Patel

Knoxville, Tenn., March 28 – Barclays Bank plc priced $3.79 million of callable contingent coupon notes due March 29, 2021 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent monthly coupon at an annual rate of 6% if each index closes at or above its barrier level, 60% of its initial level, on the observation date for that month.

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

The notes are callable in whole but not in part at par on any quarterly observation date from March 2019 through December 2020.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Callable contingent coupon notes
Underlying indexes:	Russell 2000, S&P 500
Amount:	$3,788,000
Maturity:	March 29, 2021
Coupon:	6% annualized, per month that each index closes at or above coupon barrier on observation date for that month
Price:	Par
Payout at maturity:	Par unless any index finishes below barrier level, in which case full exposure to any losses of worst performing index
Call option:	At par on any observation date from March 2019 through December 2020
Initial levels:	2,343.98 for S&P, 1,354.64 for Russell
Barrier levels:	1,406.39 for S&P, 812.78 for Russell; 60% of initial levels
Pricing date:	March 24
Settlement date:	March 31
Agent:	Barclays
Fees:	2.15%
Cusip:	06741VPC0

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