Barclays to price callable contingent coupon notes on Russell, Stoxx

Chicago, Dec. 5 – Barclays Bank plc will sell callable contingent coupon notes due Dec. 28, 2028 linked to the lesser performing index of the Russell 2000 index and the Euro Stoxx 50 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 10% per year if each index closes at or above its coupon barrier level, 60% of its initial level, on the observation date for that period.

The notes are callable in whole but not in part on any contingent coupon payment date.

The payout at maturity will be par plus the coupon unless either index finishes below its 60% barrier level, in which case investors will lose 1% for each 1% decline of the worse performing index from its initial level.

Barclays is the agent.

The notes (Cusip: 06747M2S4) will price on Dec. 20 and settle on Dec. 27.

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