Barclays to price contingent payment notes linked to three indexes

By Angela McDaniels

Tacoma, Wash., June 17 – Barclays Bank plc plans to price callable contingent payment notes due June 21, 2018 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon if each index closes at or above its barrier level, 65% of its initial level, on the valuation date for that quarter. The contingent coupon rate is expected to be at least 9.5% per year and will be set at pricing.

The payout at maturity will be par unless the least-performing index finishes below its barrier level, in which case investors will be fully exposed to the decline of that index from its initial level.

The notes will be callable at par on any interest payment date.

Barclays is the agent.

The notes will price June 18 and settle June 23.

The Cusip number is 06741UYP3.

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