Barclays plans callable contingent coupon notes on three indexes

By Sarah Lizee

Olympia, Wash., July 9 – Barclays Bank plc will sell callable contingent coupon notes due July 31, 2029 linked to the least performing of the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at a rate of 6.75% per year if each index closes at or above its coupon barrier level, 60% of its initial level, on the observation date for that quarterly period.

The notes are callable in whole but not in part at par plus any coupon on any contingent coupon payment date prior to maturity.

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

Barclays is the agent.

The notes (Cusip: 06747N4F8) will price on July 26.

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