Barclays plans contingent coupon callable notes tied to Stoxx, Russell

By Susanna Moon

Chicago, Aug. 16 – Barclays Bank plc plans to price contingent coupon callable notes due Aug. 31, 2020 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent semiannual coupon at an annual rate of 6.75% to 7.75% if each index closes at or above its 70% coupon barrier on the observation date for that period.

The notes are callable at par on any contingent coupon payment date.

The payout at maturity will be par unless either index finishes below its 70% barrier level, in which case investors will receive par plus the return of the worse performing index.

Barclays is the agent.

The notes will price on Aug. 28.

The Cusip number is 06744CEA5.

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