Barclays plans contingent coupon notes linked to S&P, Russell, Stoxx

By Tali Rackner

Minneapolis, Aug. 18 – Barclays Bank plc plans to price callable contingent coupon notes due Aug. 31, 2027 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at the rate of 8% per year if each index closes at or above its barrier level, 62.5% of its initial level, on the observation date for that quarter.

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

The payout at maturity will be par unless the final level of the least-performing index is less than its barrier level, in which case investors will be exposed to the decline of the least-performing index from its initial level.

Barclays is the agent.

The notes will price on Aug. 28 and settle on Aug. 31.

The Cusip number is 06744CER8.

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