New Issue: Barclays prices $1.65 million 7.5% contingent coupon callables tied to indexes

By Susanna Moon

Chicago, Nov. 15 – Barclays Bank plc priced $1.65 million of callable contingent coupon notes due Nov. 10, 2022 linked to the least performing of the Russell 2000 index, the S&P 500 index and the Euro Stoxx 50 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 7.5% if each index closes at or above its 60% coupon barrier on the observation date for that quarter.

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

The payout at maturity will be par unless any index finishes below its 60% barrier level, 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 indexes:	Russell 2000, S&P 500 and Euro Stoxx 50
Amount:	$1,652,000
Maturity:	Nov. 10, 2022
Coupon:	7.5% per year, payable quarterly if each index closes at or above 60% coupon barrier on determination date for that quarter
Price:	Par
Payout at maturity:	If each index finishes at or above downside threshold, par; otherwise, full exposure to decline of worst performing index
Call option:	At par on any interest payment date
Initial levels:	1,479.09 for Russell, 2,590.64 for S&P and 3,658.77 for Stoxx
Downside thresholds:	887.45 for Russell, 1,554.38 for S&P and 2,195.26 for Stoxx; 60% of initial levels
Pricing date:	Nov. 7
Settlement date:	Nov. 10
Agent:	Barclays
Dealer:	Morgan Stanley Wealth Management
Fees:	0.975%
Cusip:	06744CLA7

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