Barclays to price contingent coupon notes linked to three indexes

By Sarah Lizee

Olympia, Wash., May 18 – Barclays Bank plc plans to price contingent coupon notes due May 31, 2024 linked to the least performing of the Dow Jones industrial average, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at annual rate of 5% if each underlier closes at or above its coupon barrier, 70% of its initial level, on the observation date for that period.

If the indexes finish at or above their initial levels, the payout will be par plus the return of the least performing index.

If any index falls by up to 30%, the payout will be par.

If any index falls by more than 30%, investors will be fully exposed to the decline of the least performing index.

Barclays is the agent.

The notes will price on May 29.

The Cusip number is 06747PTM1.

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