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Barclays to price callable contingent coupon notes on three indexes
New York, April 10 – Barclays Bank plc plans to price 6% to 7% callable contingent coupon notes due April 28, 2023 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Dow Jones Industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annualized rate of 6% to 7% if each index closes at or above its coupon barrier level, 60% of its initial level, on the related quarterly observation date. The exact coupon will be set at pricing.
After one year, Barclays may call the notes in whole at par on any contingent interest payment date prior to maturity.
If each index finishes at or above its barrier level, 60% of its initial level, the payout at maturity will be par. Otherwise, investors will be fully exposed to the decline of the least-performing index.
Barclays is the agent.
The notes will price on April 25 and settle on April 30.
The Cusip number is 06746X4D2.
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