Barclays to sell contingent coupon callable notes on Russell, Stoxx

New York, June 13 – Barclays Bank plc plans to price 9% to 10% callable contingent coupon notes due June 29, 2023 linked to the lesser performing of the Russell 2000 index and the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 9% to 10% if each underlying index closes at or above its 70% coupon barrier on the observation date for that quarter. The exact coupon will be set at pricing.

Starting on the second quarterly observation date, Barclays may call the notes at par on any quarterly 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 exposed to any losses of the worse performing index.

Barclays is the agent.

The notes will price on June 29 and settle on July 5.

The Cusip number is 06746XEU3.

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