New Issue: Barclays sells $20,000 barrier contingent coupon notes on Dow, S&P

By Wendy Van Sickle

Columbus, Ohio, June 3 – Barclays Bank plc priced $20,000 of barrier contingent coupon notes due May 28, 2024, linked to the worst performing of the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent semiannual coupon at an annualized rate of 6.25% if each asset closes at or above its coupon barrier level, 75% of its initial level, on the valuation date for that period.

If each asset finishes at or above its final barrier level, 75% of its initial level, the payout at maturity will be par plus the coupon. Otherwise, investors will be fully exposed to the decline of the least-performing asset.

Barclays is the underwriter.

Issuer:	Barclays Bank plc
Issue:	Barrier contingent coupon notes
Underlying assets:	S&P 500 index, Dow Jones industrial average and Russell 2000 index
Amount:	$20,000
Maturity:	May 28, 2024
Contingent coupon:	6.25% per year, payable semiannually if each asset closes at or above coupon barrier on the valuation date for that period
Price:	Par
Payout at maturity:	If each asset finishes at or above final barrier, par plus coupon; otherwise, full exposure to losses of least-performing asset
Initial level:	2,955.45 for S&P, 24,465.16 for Dow
Coupon barriers:	2,216.59 for S&P, 18,348.87 for Dow; 75% of initial levels
Final barriers:	2,216.59 for S&P, 18,348.87 for Dow; 75% of initial levels
Pricing date:	May 22
Settlement date:	May 29
Underwriter:	Barclays
Fees:	3.55%
Cusip:	06747PT58

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