Barclays to price callable contingent interest notes on three indexes

By Marisa Wong

Morgantown, W.Va., Jan. 18 – Barclays Bank plc plans to price callable contingent interest notes due Jan. 25, 2019 linked to the least performing of the Euro Stoxx 50 index, the Russell 2000 index and the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 9.9% if each index closes at or above its coupon barrier level, 70% of its initial level, on a quarterly review date.

The notes will be callable at par on any coupon payment date.

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

Barclays is the agent with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents.

The notes will price Jan. 20.

The Cusip number is 06741VHM7.

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