Barclays plans callable contingent payment notes linked to three indexes

By Susanna Moon

Chicago, April 30 – Barclays Bank plc plans to price callable contingent payment notes due May 9, 2018 linked to the worst performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 8% if each index closes at or above its barrier level, 60% of the initial level, on a valuation date for that quarter.

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 either index finishes below the 60% barrier level, in which case investors will be fully exposed to any losses of the worst performing index.

Barclays is the agent.

The notes will price on May 4 and settle on May 7.

The Cusip number is 06741UVK7.

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