Barclays plans contingent income callable notes tied to three indexes

By Susanna Moon

Chicago, May 23 – Barclays Bank plc plans to price contingent income callable securities due May 31, 2019 linked to the least performing of the Euro Stoxx 50 index, the Russell 2000 index and the S&P 500 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 8.15% if each index closes at or above its coupon barrier, 70% of its initial level, on any trading day during that determination period for that quarter.

The notes are callable at par on any contingent coupon payment date other than the final date after six months.

The payout at maturity will be par plus the contingent coupon unless either index finishes below its 65% downside threshold, in which case investors will be fully exposed to any losses of the worst performing index.

Barclays is the agent. Morgan Stanley Wealth Management is acting as a dealer.

The notes will price on May 26.

The Cusip number is 06741VW32.

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