Barclays plans fixed-coupon callable securities tied to three indexes

By Wendy Van Sickle

Columbus, Ohio, Dec. 9 – Barclays Bank plc plans to price fixed-coupon callable securities due Dec. 18, 2018 linked to the least-performing of the Euro Stoxx 50 index, the Nikkei 225 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a fixed coupon at an annualized rate of at least 8.15%.

The notes will be callable at par on any coupon payment date beginning June 16, 2017.

If each index finishes at or above its 75% downside threshold, the payout at maturity will be par plus the final coupon payment. Otherwise, investors will be fully exposed to the loss of the least performing index but will still receive the final coupon payment.

Barclays is the agent.

The notes will price Dec. 13.

The Cusip number is 06741VFH0.

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