Barclays plans callable contingent coupon notes on Russell, Euro Stoxx

By Marisa Wong

Morgantown, W.Va., March 6 – Barclays Bank plc plans to price callable contingent coupon notes due Dec. 10, 2021 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 quarterly coupon at an annualized rate of 8.15% if each index closes at or above its coupon barrier level, 70% of its initial level, on the related quarterly observation date.

The notes are callable in whole at par on any contingent interest payment date other than the first and final dates.

If each index finishes at or above its barrier level, 70% of its initial level, the payout at maturity will be par. Otherwise, investors will be fully exposed to the decline of the least-performing index.

Barclays is the agent.

The notes will price on March 7.

The Cusip number is 06744CZT1.

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