New Issue: Barclays prices $1 million 9% contingent coupon callables on Russell, Stoxx Banks

By Susanna Moon

Chicago, March 15 – Barclays Bank plc priced $1 million of callable contingent coupon notes due March 2, 2023 linked to the lesser performing of the Russell 2000 index and the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 9% if each index closes at or above its 55% coupon barrier on the review date for that month.

The notes are callable at par on any interest payment date beginning with third observation date.

The payout at maturity will be par unless either underlying index closes below its 55% trigger level, in which case investors will be exposed to any losses of the worse performing index.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Callable contingent coupon notes
Underlying indexes:	Russell 2000, Euro Stoxx Banks
Amount:	$1 million
Maturity:	March 2, 2023
Coupon:	9% annualized, payable monthly if each index closes at or above its 70% coupon barrier on observation date for that month
Price:	Par
Payout at maturity:	Par unless either index falls by more than 45%, in which case 1% loss per 1% decline of worse performing index
Call option:	At par on any interest payment date beginning with third observation date
Initial levels:	1,559.33 for Russell, 134.11 for Stoxx banks, the closing levels on Feb. 26
Barrier levels:	857.63 for Russell, 73.76 for Stoxx banks, 55% of initial levels
Pricing date:	Feb. 27
Settlement date:	March 2
Agent:	Barclays
Fees:	1%
Cusip:	06744CY88

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