Barclays plans callable notes on S&P 500, Euro Stoxx 50, Nikkei 225

By Marisa Wong

Morgantown, W.Va., Sept. 8 – Barclays Bank plc plans to price fixed-coupon callable securities due Sept. 13, 2018 linked to the worst performing of the Euro Stoxx 50 index, the S&P 500 index and the Nikkei 225 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a quarterly coupon at a rate of at least 8.5% per year.

The notes will be callable at par on any quarterly coupon payment date other than the final one.

If the notes are not called and each index finishes at or above its downside threshold level, 75% of its initial level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the least-performing index’s final level is below its initial level.

Barclays is the agent.

The notes will price Sept. 9.

The Cusip number is 06741VB76.

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