New Issue: Barclays prices $3.12 million callable contingent coupon notes tied to S&P 500, Russell

By Susanna Moon

Chicago, May 5 – Barclays Bank plc priced $3.12 million of callable contingent coupon notes due May 3, 2022 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent quarterly coupon at an annualized rate of 7.25% if each index closes at or above its barrier level, 70% of its initial level, on the observation date for that quarter.

The notes are callable at par plus any coupon due on any coupon payment date after one year.

The payout at maturity will be par unless either index finishes below its 70% barrier, in which case investors will be fully exposed to any losses of the worse performing index.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Callable contingent coupon notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$3,123,000
Maturity:	May 3, 2022
Contingent coupon:	7.25% per year, payable quarterly if each index closes at or above barrier level on observation date for that quarter
Price:	Par
Payout at maturity:	Par unless either index finishes below its barrier, in which case 1% loss for each 1% decline of worse performing index
Call option:	At par plus any coupon on any coupon payment date beginning April 2018
Initial levels:	1,400.428 for Russell and 2,384.20 for S&P
Barriers:	840.26 for Russell and 1,430.52 for S&P; 60% of initial levels
Pricing date:	April 28
Settlement date:	May 3
Agent:	Barclays
Fees:	0.75%
Cusip:	06741VQH8

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