Barclays will price callable contingent coupon notes on S&P, Russell

By Sarah Lizee

Olympia, Wash., June 11 – Barclays Bank plc plans to price callable contingent coupon notes due June 29, 2026 linked to the lesser 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 quarterly coupon at an annual rate of 6% 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 at par plus any coupon on any contingent coupon payment date after one year.

The payout at maturity will be par plus any final contingent coupon unless either index finishes below its 60% barrier level, in which case investors will be exposed to any losses of the worst performing index.

Barclays is the agent.

The notes (Cusip: 06747MXJ0) will price on June 25.

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