Barclays plans callable contingent payment notes linked to Euro Stoxx

By Jennifer Chiou

New York, June 13 - Barclays Bank plc plans to price callable contingent payment notes due June 29, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent coupon at an annualized rate of 7.25% to 7.5% if the index closes above the coupon barrier level, 75% of the initial level, on a quarterly valuation date.

The notes are callable at par plus the contingent coupon on any interest payment date after one year.

The payout at maturity will be par unless the index finishes below the 50% barrier level, in which case investors will be fully exposed to losses.

The notes (Cusip: 06741TWW3) are expected to price on June 25 and settle on June 28.

Barclays is the agent.

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