Barclays plans barrier dual range accrual notes linked to indexes

By Angela McDaniels

Tacoma, Wash., Feb. 10 - Barclays Bank plc plans to price callable barrier dual range accrual notes due Feb. 26, 2024 linked to the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a coupon equal to the above accrual barrier level rate multiplied by the proportion of days on which each index closes at or above its accrual barrier level, 75% of its initial level. The above accrual barrier level rate is expected to be 9.2% to 9.8% per year and will be set at pricing.

The payout at maturity will be par unless either index finishes below its knock-in barrier level, 50% of its initial level, in which case investors will be fully exposed to the decline of the lesser performing index.

Beginning Feb. 23, 2015, the notes will be callable at par on any interest payment date.

Barclays is the agent.

The notes will price Feb. 21 and settle Feb. 26.

The Cusip number is 06741T5X1.

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