Barclays to price callable contingent coupon notes on S&P, oil fund

New York, Dec. 5 – Barclays Bank plc plans to price callable contingent coupon notes due Dec. 14, 2020 linked to the lesser performing of the S&P 500 index and the United States Oil Fund, LP, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 11.5% if each underlying asset closes at or above its coupon barrier level, 60% of its initial level, on a quarterly observation date.

After one year, the notes will be callable at par on any contingent coupon payment date.

The payout at maturity will be par unless either asset finishes below its 60% barrier level, in which case investors will be fully exposed to any decline of the worse performing asset.

Barclays is the agent.

The notes will price on Dec. 9 and settle on Dec. 14.

The Cusip number is 06741VF80.

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