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Barclays plans callable contingent coupon notes tied to three indexes
By Marisa Wong
Morgantown, W.Va., Nov. 22 – Barclays Bank plc plans to price callable contingent coupon notes due Nov. 29, 2019 linked to the least performing index 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 9.5% per year if each index closes at or above its coupon barrier level, 65% of its initial level, on a quarterly observation date.
The notes are callable at par on any contingent coupon payment date.
The payout at maturity will be par plus the final contingent coupon unless any index finishes below its 65% barrier level, in which case investors will lose 1% for each 1% decline of the worst-performing index.
Barclays is the agent.
The notes will price on Nov. 23 and settle on Nov. 29.
The Cusip number is 06741VEH1.
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