New Issue: Barclays prices $3.05 million 8.15% contingent coupon callables tied to S&P, Russell

By Susanna Moon

Chicago, July 12 – Barclays Bank plc priced $3.05 million of callable contingent coupon notes due July 7, 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 will pay a contingent monthly coupon at an annual rate of 8.15% if each underlying asset closes at or above its 70% coupon barrier on the observation date for that month.

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

The payout at maturity will be par unless either underlying asset closes below its 60% trigger level, in which case investors will be exposed to any losses of the worse performing index.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Callable contingent coupon notes
Underlying indexes:	S&P 500 index, Russell 2000 index
Amount:	$3.05 million
Maturity:	July 7, 2028
Coupon:	8.15% annualized, payable monthly if each index closes at or above its 70% coupon barrier on observation date for that month
Price:	Par
Payout at maturity:	Par unless either index falls by more than 60%, in which case 1% loss per 1% decline of worse performing index
Call option:	At par on any interest payment date
Initial levels:	2,726.71 for S&P, 1,655.09 for Russell
Coupon barriers:	1,908.70 for S&P, 1,158.56 for Russell; 70% of initial levels
Trigger levels:	1,636.03 for S&P, 993.05 for Russell; 60% of initial levels
Pricing date:	July 2
Settlement date:	July 6
Agent:	Barclays
Fees:	3.5%
Cusip:	06746XHU0

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