New Issue: Barclays prices $1.2 million callable contingent coupon notes linked to Stoxx, Russell

By Wendy Van Sickle

Columbus, Ohio, Sept. 5 – Barclays Bank plc priced $1.2 million of callable contingent coupon 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.

Each six months, the notes pay a coupon at an annualized rate of 6.75% if each index closes at or above its barrier level, 70% of its initial level, on the observation date for that period.

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

If each index finishes at or above its barrier level, the payout at maturity will be par. Otherwise, investors will be fully exposed to the decline of the lesser-performing index.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Callable contingent coupon notes
Underlying indexes:	Euro Stoxx 50 and Russell 2000
Amount:	$1.2 million
Maturity:	Aug. 31, 2020
Contingent coupon:	6.75% per year, payable each six months if each index closes at or above barrier level on observation date for that period
Price:	Par
Payout at maturity:	If each index finishes at or above barrier level, par; otherwise, full exposure to losses of lesser-performing index
Call option:	At par on any interest payment date
Initial index levels:	2,471.65 for Stoxx and 1,405.28 for Russell 2000
Barrier levels:	1,606.57 for Stoxx and 913.43 for Russell 2000, or 70% of initial levels
Pricing date:	Aug. 28
Settlement date:	Aug. 31
Agent:	Barclays
Fees:	3%
Cusip:	06744CEA5

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