New Issue: Barclays prices $1.13 million callable contingent coupon notes linked to Russell

By Angela McDaniels

Tacoma, Wash., May 30 – Barclays Bank plc priced $1.13 million of callable contingent coupon notes due May 28, 2027 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each month, the notes pay a coupon at an annualized rate of 7% if the index closes at or above the coupon barrier level, 70% of the initial index level, on the observation date for that month.

Beginning in August 2017, the notes are callable at par on any interest payment date.

If the index finishes at or above the barrier level, 50% of the initial index level, the payout at maturity will be par plus the final coupon, if any. Otherwise, investors will be fully exposed to the index’s decline.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Callable contingent coupon notes
Underlying index:	Russell 2000
Amount:	$1.13 million
Maturity:	May 28, 2027
Contingent coupon:	7% per year, payable monthly if index closes at or above coupon barrier level on observation date for that month
Price:	Par
Payout at maturity:	If index finishes at or above barrier level, par plus final coupon, if any; otherwise, full exposure to index’s decline
Call option:	At par on any interest payment date beginning August 2017
Initial index levels:	1,383.39 for Russell 2000
Coupon barrier:	968.37, or 70 of initial level
Barrier levels:	691.70, or 50% of initial levels
Pricing date:	May 25
Settlement date:	May 31
Agent:	Barclays
Fees:	3.5%
Cusip:	06741VV82

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