New Issue: Barclays prices $1.16 million callable coupon notes on Euro Stoxx 50

By Marisa Wong

Madison, Wis., June 24 - Barclays Bank plc priced $1.16 million of callable coupon payment notes due June 23, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a quarterly coupon at a fixed rate of 7.25% per year for the first year. After that, investors will receive a contingent coupon of 7.25% per year if the index closes above the coupon barrier level, 75% of the initial level, on a quarterly valuation date; otherwise, no coupon will be paid that quarter.

The notes are callable at par on any interest payment date beginning June 27, 2014.

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.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Callable coupon payment notes
Underlying index:	Euro Stoxx 50
Amount:	$1.16 million
Maturity:	June 23, 2023
Coupon:	7.25% per year for first year; after that, a contingent coupon of 7.25% per year if index closes above coupon barrier level on a quarterly valuation date; otherwise, no coupon will be paid that quarter
Price:	Par
Payout at maturity:	Par unless index finishes below barrier level, in which case full exposure to losses
Call option:	At par on any interest payment date beginning June 27, 2014
Initial level:	2,586.45
Coupon barrier level:	1,939.84, 75% of initial level
Barrier level:	1,293.23, 50% of initial level
Pricing date:	June 20
Settlement date:	June 25
Agent:	Barclays
Fees:	2.25%
Cusip:	06741TXQ5

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