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Barclays to price callable contingent coupon notes on Stoxx, Russell
By Wendy Van Sickle
Columbus, Ohio, March 3 – Barclays Bank plc plans to price callable contingent coupon notes due March 31, 2017 linked to the lesser performing of 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 coupon at an annualized rate of 8% if each index closes at or above its barrier level, 70% of its initial level, on the observation date for that quarter.
The notes will be callable at par on any quarterly observation date.
If each index finishes at or above its barrier level, the payout at maturity will be par. Otherwise, investors will be fully exposed to the decline of the lesser-performing index.
Barclays is the agent.
The notes will price March 28.
The Cusip number is 06741U6F6.
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