Barclays plans contingent coupon notes linked to Russell 2000

By Susanna Moon

Chicago, April 27 – Barclays Bank plc plans to price contingent coupon notes due May 28, 2021 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 annual rate of 6.25% for each quarter that the index closes above the 70% coupon barrier level on the observation date for that quarter.

The payout at maturity will be par unless the index finishes below the 70% barrier level, in which case investors will be fully exposed to any losses.

Barclays is the agent.

The notes will price on May 22 and settle on June 1.

The Cusip number is 06741UUS1.

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