New Issue: Barclays prices $511,000 callable contingent pay notes on Russell 2000

By Susanna Moon

Chicago, June 28 - Barclays Bank plc priced $511,000 of callable contingent payment notes due June 28, 2023 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent coupon at an annualized rate of 7.8% if the index closes above the coupon barrier level, 70% of the initial level, on a quarterly valuation date.

The notes are callable on any interest payment date after one year.

The payout at maturity will be par unless the index finishes below the 55% barrier level, in which case investors will be fully exposed to losses.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Callable contingent payment notes
Underlying index:	Russell 2000
Amount:	$511,000
Maturity:	June 28, 2023
Coupon:	7.8% annualized for each quarter that index closes above coupon barrier level on valuation date for that quarter
Price:	Par
Payout at maturity:	If final level is greater than or equal to barrier level, par; otherwise, full exposure to losses
Call option:	At par on any interest payment date beginning June 25, 2014
Initial index level:	961.26
Coupon barrier level:	672.88, 70% of initial level
Barrier level:	528.69, 55% of initial level
Pricing date:	June 25
Settlement date:	June 28
Underwriter:	Barclays
Fees:	2.75%
Cusip:	06741TXE2

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