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Barclays plans callable contingent payment notes linked to two indexes
By Marisa Wong
Madison, Wis., May 15 – Barclays Bank plc plans to price callable contingent payment notes due May 29, 2025 linked to linked to the worst performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 9% if each index closes at or above its coupon barrier level, 60% of the initial level, on a quarterly valuation date.
The notes are callable at par plus the contingent coupon on any interest payment date.
The payout at maturity will be par unless either index finishes below the 60% barrier level, in which case investors will be fully exposed to any losses of the worst performing index.
Barclays is the agent.
The notes will price on May 26 and settle on May 29.
The Cusip number is 06741UWQ3.
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