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Published on 7/13/2017 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $906,000 callable contingent coupon notes on S&P 500, Russell 2000

New York, July 13 – Barclays Bank plc priced $906,000 of callable contingent coupon notes due April 15, 2021 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 will pay a contingent quarterly coupon at an annualized rate of 6.15% if each index closes at or above its 70% coupon barrier level on the observation date for that quarter.

The notes are callable at par on any interest payment date after six months.

If both indexes finish at or above their 70% barrier levels, the payout at maturity will be par plus the final coupon.

Otherwise, investors will be fully exposed to the decline of the worse performing index.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Callable contingent coupon notes
Underlying indexes:Russell 2000, S&P 500
Amount:$906,000
Maturity:April 15, 2021
Contingent coupon:6.15% per year, payable quarterly if each index closes at or above coupon barrier level on observation date for that quarter
Price:Par
Payout at maturity:If each index finishes at or above barrier, par plus final coupon; otherwise, full exposure to losses of worse performing index
Call option:At par on any interest payment date after six months
Initial levels:1,413.05 for Russell, 2,425.53 for S&P 500
Coupon barriers/barriers:989.14 for Russell, 1,697.87 for S&P 500; 70% of initial levels
Pricing date:July 11
Settlement date:July 14
Agent:Barclays
Fees:3%
Cusip:06744CBP5

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