| Chicago, April 17 – Barclays Bank plc | priced $1.41 million callable contingent coupon notes due April 9, 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.
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| The notes will pay a contingent quarterly coupon at an annual rate of 10% per year if each underlying component closes at or above its barrier level, 60% of its initial level, on the observation date for that period.
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| The notes are callable in whole but not in part on any contingent coupon payment date after the second payment date.
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| The payout at maturity will be par plus the final contingent coupon unless either underlying component finishes below its 60% barrier level, in which investors will lose 1% for each 1% decline of the worst performing asset.
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| Barclays is the agent.
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Issuer: | Barclays Bank plc
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Issue: | Callable contingent coupon notes
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Underlying assets: | S&P 500 index and United States Oil Fund, LP
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Amount: | $1.41 million
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Maturity: | April 9, 2020
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Contingent coupon: | 10% per year, payable quarterly if each asset closes at or above barrier level on observation date for that period
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Price: | Par
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Payout at maturity: | If each asset finishes at or above barrier level, par; otherwise, full exposure to losses of worse performing asset
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Call option: | At par on any interest payment date after the second payment date
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Initial levels: | 2,357.49 for index and $10.86 for fund
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Barrier levels: | 1,414.49 for index and $6.52 for fund, 60% of initial levels
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Pricing date: | April 6
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Settlement date: | April 11
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Agent: | Barclays
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Fees: | 0.7%
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Cusip: | 06741VR87
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