New Issue: Barclays prices $325,000 of 6.5% contingent coupon callables on indexes

By Susanna Moon

Chicago, Dec. 13 – Barclays Bank plc priced $325,000 of callable contingent coupon notes due Dec. 5, 2022 linked to the least performing of the Russell 2000 index and the S&P 500 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 6.5% if each index closes at or above its 70% 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 either index finishes below its 70% barrier level, in which case investors will be fully exposed to any losses of the worse performing index.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Callable contingent coupon notes
Underlying indexes:	Russell 2000 and S&P 500
Amount:	$325,000
Maturity:	Dec. 5, 2022
Coupon:	6.5% per year, payable quarterly if each index closes at or above 70% coupon barrier on determination date for that quarter
Price:	Par
Payout at maturity:	If each index finishes at or above 70% trigger, par; otherwise, full exposure to decline of worse performing index
Call option:	At par on any interest payment date
Initial levels:	1,544.14 for Russell and 2,647.58 for S&P
Trigger levels:	1,080.90 for Russell and 1,853.31 for S&P; 70% of initial levels
Pricing date:	Nov. 30
Settlement date:	Dec. 5
Agent:	Barclays
Fees:	1.125%
Cusip:	06744CKF7

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