New Issue: Barclays prices $1.34 million 8.1% contingent coupon callables on three indexes

By Susanna Moon

Chicago, July 3 – Barclays Bank plc priced $1.34 million of callable contingent coupon notes due Dec. 30, 2021 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Nikkei 225 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 8.1% if each underlying asset closes at or above its 65% coupon barrier on the observation date for that quarter.

The notes are callable at par on any interest payment date beginning in September.

The payout at maturity will be par unless any underlying asset closes below its 65% trigger level, in which case investors will be exposed to any losses of the worst performing index.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Callable contingent coupon notes
Underlying indexes:	S&P 500 index, Russell 2000 index and Nikkei 225 index
Amount:	$1,341,000
Maturity:	Dec. 30, 2021
Coupon:	8.1% annualized, payable quarterly if each index closes at or above 65% coupon barrier on observation date for that quarter
Price:	Par
Payout at maturity:	Par unless any index falls by more than 35%, in which case 1% loss per 1% decline of worst performing index
Call option:	At par on any interest payment date beginning in September
Initial levels:	2,723.06 for S&P, 1,668.53 for Russell and 22,342.00 for Nikkei
Trigger levels:	1,769.99 for S&P, 1,084.54 for Russell and 14,522.30 for Nikkei; 65% of initial levels
Pricing date:	June 26
Settlement date:	June 29
Agent:	Barclays
Fees:	1.75%
Cusip:	06746XEB5

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