New Issue: Barclays sells $660,000 callable contingent coupon notes tied to two indexes

By Wendy Van Sickle

Columbus, Ohio, March 29 – Barclays Bank plc priced $660,000 of callable contingent coupon notes due March 30, 2028 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent quarterly coupon at an annualized rate of 6.5% if each index closes at or above its coupon barrier level, 55% of its initial level, on the observation date that quarter.

The notes will be callable in whole at par on any quarterly redemption date.

If each index finishes at or above its barrier level, 55% 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.

Issuer:	Barclays Bank plc
Issue:	Callable contingent coupon notes
Underlying indexes:	Russell 2000, S&P 500
Amount:	$660,000
Maturity:	March 30, 2028
Contingent coupon:	6.5% per year, payable each quarter that each index closes at or above coupon barrier level observation date that quarter
Price:	Par
Payout at maturity:	If each index finishes at or above barrier level, par; otherwise, full exposure to losses of least-performing index
Call option:	At par on any quarterly redemption date
Initial index levels:	1,543.717 for Russell, 2,658.55 for S&P
Coupon barriers:	849.05 for Russell, 1,462.2 for S&P; 55% of initial levels
Barrier levels:	849.05 for Russell, 1,462.2 for S&P; 55% of initial levels
Pricing date:	March 26
Settlement date:	March 29
Agent:	Barclays
Fees:	4.5%
Cusip:	06744CZ46

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