New Issue: Barclays sells $1.31 million callable contingent coupon notes tied to Russell, S&P

By Marisa Wong

Morgantown, W.Va., Aug. 29 – Barclays Bank plc priced $1.31 million of callable contingent coupon notes due Aug. 30, 2021 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 7.5% if each index closes at or above its barrier level, 60% of its initial level, on the observation date for that quarter.

The notes will be callable at par on any contingent coupon payment date after one year.

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

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Callable contingent coupon notes
Underlying indexes:	Russell 2000 and S&P 500
Amount:	$1,313,000
Maturity:	Aug. 30, 2021
Contingent coupon:	7.5% per year, payable quarterly if each index closes at or above barrier level on observation date for that quarter
Price:	Par
Payout at maturity:	Par unless either index finishes below its barrier, in which case exposure to decline of lesser-performing index from initial level
Call option:	At par on any interest payment date after one year
Initial index levels:	2,172.47 for S&P 500 and 1,240.01 for Russell 2000
Barrier levels:	1,303.48 for S&P 500 and 744.01 for Russell 2000; 60% of initial levels
Pricing date:	Aug. 25
Settlement date:	Aug. 30
Agent:	Barclays
Fees:	0.5%
Cusip:	06741V7G1

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