Barclays plans callable contingent coupon notes on Russell, Euro Stoxx

By Wendy Van Sickle

Columbus, Ohio, March 15 – Barclays Bank plc plans to price callable contingent coupon notes due March 24, 2023 linked to the least performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent monthly coupon at an annualized rate of 6.25% if each index closes at or above its coupon barrier level, 50% of its initial level, on the related observation date.

The notes are callable in whole at par on any quarterly redemption date after one year.

If each index finishes at or above its barrier level, 50% of its initial level, the payout at maturity will be par. Otherwise, investors will be fully exposed to the decline of the least-performing index.

Barclays is the agent.

The notes will price on March 21.

The Cusip number is 06746X2M4.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.