New Issue: Barclays prices $423,000 callable contingent coupon notes tied to Dow, Stoxx

By Susanna Moon

Chicago, Dec. 31 – Barclays Bank plc priced $423,000 of callable contingent coupon notes due Dec. 30, 2021 linked to the Dow Jones industrial average and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent quarterly coupon at an annual rate of 8.5% if each underlying index closes at or above its coupon barrier level, 65% of its initial level, on the observation date for that quarter.

The payout at maturity will be par unless either index finishes below its 65% trigger 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 coupon notes
Underlying indexes:	Dow Jones industrial average, Euro Stoxx 50 index
Amount:	$423,000
Maturity:	Dec. 30, 2021
Coupon:	8.5% annualized, per quarter that each index closes at or above coupon barrier on observation date for that quarter
Price:	Par
Payout at maturity:	Par unless either index finishes below its 65% barrier level, in which case full exposure to any losses of worst performing index
Call option:	At par on any interest payment date
Initial levels:	17,528.27 for Dow, 3,256.49 for Stoxx
Barrier levels:	11,393.38 for Dow, 2,116.72 for Stoxx; 65% of initial levels
Pricing date:	Dec. 28
Settlement date:	Dec. 31
Agent:	Barclays
Fees:	3%
Cusip:	06741UY57

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