New Issue: Barclays prices $3.24 million callable contingent payment notes tied to two indexes

By Susanna Moon

Chicago, Aug. 26 – Barclays Bank plc priced $3.24 million of callable contingent payment notes due Aug. 24, 2018 linked to 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 semiannual coupon at an annual rate of 6% if each index closes at or above its coupon barrier level, 70% of its initial level, on the observation date for that period.

The payout at maturity will be par unless any index finishes below its knock-in level, 70% of its initial level, in which case investors will be fully exposed to any losses of the worst performing index.

The notes are callable at par on any interest payment date.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Callable contingent payment notes
Underlying indexes:	Russell 2000, Euro Stoxx 50
Amount:	$3,237,000
Maturity:	Aug. 24, 2018
Coupon:	9.1% annualized, payable semiannually if each index closes at or above its barrier level on observation date for that period
Price:	Par
Payout at maturity:	Par unless any index finishes below its knock-in level, in which case par plus return of worst performing index, with full exposure to losses
Call option:	On any contingent coupon payment date
Initial levels:	1,156.79 for Russell, 3,247.26 for Stoxx
Barrier levels:	70% of initial levels
Pricing date:	Aug. 21
Settlement date:	Aug. 28
Agent:	Barclays
Fees:	2.35%
Cusip:	06741UC69

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