Barclays plans callable contingent payment notes tied to fund, indexes

By Susanna Moon

Chicago, Dec. 26 - Barclays Bank plc plans to price callable contingent quarterly payment notes due January 2016 linked to the S&P 500 index, Russell 2000 index and the iShares MSCI EAFE index fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a coupon at an annualized rate of 7% for each quarter that the closing level of the lowest performing component is at or above the 60% barrier level.

The notes are callable at par plus the contingent coupon on the annual redemption dates in January 2014 and January 2015.

The payout at maturity will be par unless the least-performing component finishes below the barrier level, in which case the payout will be par plus the return of the least-performing component.

Barclays is the agent.

The notes will price and settle in January.

The Cusip number is 06741TMB0.

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