New Issue: Barclays prices $1.19 million of contingent coupon callables on indexes

By Susanna Moon

Chicago, Aug. 23 – Barclays Bank plc priced $1.19 million of callable contingent coupon notes due Aug. 23, 2023 linked to the least 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 semiannual coupon at an annual rate of 7.4% if each index closes at or above its 70% coupon barrier on review date for that period.

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

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

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Callable contingent coupon notes
Underlying assets:	S&P 500 index and Russell 2000 index
Amount:	$1,187,000
Maturity:	Aug. 23, 2023
Coupon:	7.4% annualized, payable semiannually if each index closes at or above 70% coupon barrier on review date that period
Price:	Par
Payout at maturity:	Par plus contingent coupon unless any index finishes below 70% trigger, in which case 1% loss for each 1% decline of worst performing index
Call option:	At par plus any coupon on any contingent coupon payment date
Initial levels:	2,425.55 for S&P and 1,357.79 for Russell
Barriers:	1,697.89 for S&P and 950.45 for Russell; 70% of initial levels
Pricing date:	Aug. 18
Settlement date:	Aug. 25
Agent:	Barclays
Fees:	0.5%
Cusip:	06744CGE5

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