Barclays plans callable contingent coupon notes tied to three indexes

By Marisa Wong

Morgantown, W.Va., Jan. 10 – Barclays Bank plc plans to price callable contingent coupon notes due Jan. 30, 2020 linked to the least performing of the Russell 2000 index, the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes pay a coupon at an annualized rate of 8.5% if each index closes at or above its barrier level, 60% of its initial level, on the observation date for that quarter.

The notes are callable at par on any contingent coupon payment date.

The payout at maturity will be par unless the final level of the least performing index is less than the 60% barrier level, in which case investors will lose 1% for each 1% decline of that index.

Barclays is the agent.

The notes will price on Jan. 26.

The Cusip number is 06741VGX4.

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