Barclays plans 8.7% fixed coupon callable notes tied to three indexes

By Susanna Moon

Chicago, Jan. 12 – Barclays Bank plc plans to price 8.7% fixed coupon callable securities due Jan. 19, 2018 linked to the worst performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The notes are callable at par on any contingent payment date other than the final one.

The payout at maturity will be par plus the coupon unless any index finishes below the 75% trigger level, in which case investors will be fully exposed to any losses of the worst performing index.

Barclays is the agent. Morgan Stanley Smith Barney LLC is a dealer.

The notes will price on Jan. 13 and settle on Jan. 19.

The Cusip is 06741U3Q5.

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