Barclays plans callable contingent coupon notes on Stoxx 50, Russell

By Susanna Moon

Chicago, May 13 – Barclays Bank plc plans to price callable contingent coupon notes due May 23, 2019 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 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 9% to 10% if each index closes at or above its coupon barrier level, 70% of its initial level, on the observation date for that period.

The notes will be callable at par on any coupon payment date beginning in May 2017.

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

Barclays is the agent.

The notes will price on May 20 and settle on May 27.

The Cusip number is 06741V2V3.

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