New Issue: Barclays prices $3.22 million 9.5% contingent coupon callables on Stoxx, Russell

By Susanna Moon

Chicago, Feb. 6 – Barclays Bank plc priced $3.22 million of callable contingent coupon notes due Jan. 31, 2028 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.

The notes will pay a contingent quarterly coupon at an annualized rate of 9.5% if each index closes above the 75% coupon barrier on the valuation date for that quarter.

The notes are callable at par plus the contingent coupon on any interest payment.

The payout at maturity will be par unless either index finishes below the 60% 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:	Euro Stoxx 50, Russell 2000
Amount:	$3,224,000
Maturity:	Jan. 31, 2028
Coupon:	9.5% annualized, payable quarterly if each index closes at or above 75% coupon barrier on observation date for that quarter
Price:	Par
Payout at maturity:	Par unless either index finishes below 60% barrier, in which case 1% loss per 1% decline of worse performing index
Call option:	At par plus any coupon on any interest payment date
Initial levels:	1,608.06 for Russell and 3,647.41 for Stoxx
Coupon barriers:	1,206.05 for Russell and 2,735.56 for Stoxx; 75% of initial levels
Trigger levels:	964.84 for Russell and 2,188.45 for Stoxx; 60% of initial levels
Pricing date:	Jan. 26
Settlement date:	Jan. 31
Agent:	Barclays
Fees:	4.25%
Cusip:	06744CQ61

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