New Issue: Barclays prices $1.18 million 9.25% contingent coupon callables on Russell, Stoxx

By Susanna Moon

Chicago, Jan. 2 – Barclays Bank plc priced $1.18 million of callable contingent coupon notes due Dec. 27, 2022 linked to the least performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent semiannual coupon at an annualized rate of 9.25% if each index closes at or above its 70% coupon barrier on the observation date for that period.

The notes are callable at par on any interest payment date after the second 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 Euro Stoxx 50
Amount:	$1,178,000
Maturity:	Dec. 27, 2022
Contingent coupon:	9.25% annualized, payable semiannually if each index closes at or above coupon barrier on observation date for that period
Price:	Par
Payout at maturity:	If each index finishes at or above barrier, par; otherwise, 1% loss per 1% drop of worse performing index
Call option:	At par on any interest payment date after second date
Initial index levels:	1,547.11 for Russell and 3,570.78 for Stoxx
Barrier levels:	1,082.98 for Russell and 2,499.55 for Stoxx; 70% of initial levels
Pricing date:	Dec. 21
Settlement date:	Dec. 27
Agent:	Barclays
Fees:	1.125%
Cusip:	06744CMG3

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