Barclays plans contingent coupon notes linked to Euro Stoxx, Russell

By Angela McDaniels

Tacoma, Wash., Oct. 7 – Barclays Bank plc plans to price callable contingent coupon notes due Oct. 29, 2026 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at the rate of 10% per year if each index closes at or above its coupon barrier level, 72.5% of its initial level, on the observation date for that quarter.

After one year, the notes will be callable at par on any coupon payment date.

The payout at maturity will be par unless the final level of the lesser-performing index is less than its barrier level, 50% of its initial level, in which case investors will be exposed to the decline of the lesser-performing index from its initial level.

Barclays is the agent.

The notes will price Oct. 26.

The Cusip number is 06741VCD2.

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