Barclays plans 10-year contingent coupon callables tied to indexes

By Susanna Moon

Chicago, Dec. 4 – Barclays Bank plc plans to price callable contingent coupon notes due Dec. 29, 2027 linked to the lesser performing index of the S&P 500 index, 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% if each index closes at or above its 75% coupon barrier on the observation date for that quarter.

The notes are callable in whole but not in part on any contingent coupon payment date beginning on Jan. 26, 2018.

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

Barclays is the agent.

The notes will price on Dec. 21 and settle on Dec. 27.

The Cusip number is 06744CN23.

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