New Issue: Barclays prices $754,000 callable contingent coupon notes tied to S&P 500, Russell

By Susanna Moon

Chicago, Feb. 28 – Barclays Bank plc priced $754,000 of callable contingent coupon notes due Feb. 28, 2022 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 annualized rate of 7% if each index closes at or above its barrier level, 65% of its initial level, on the observation date for that quarter.

The notes are callable at par on any interest payment date after one year.

The payout at maturity will be par plus the contingent coupon unless either index finishes below its 65% 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:	S&P 500 and Russell 2000
Amount:	$754,000
Maturity:	Feb. 28, 2022
Contingent coupon:	7% per year, payable quarterly if each index closes at or above barrier level on observation date for that quarter
Price:	Par
Payout at maturity:	If each index finishes at or above barrier level, par; otherwise, full exposure to losses of worse performing index
Call option:	At par on any interest payment date beginning February 2018
Initial levels:	1,394.62 for Russell and 2,363.81 for S&P
Barrier levels:	906.50 for Russell and 1,536.48 for S&P, or 65% of initial levels
Pricing date:	Feb. 23
Settlement date:	Feb. 28
Agent:	Barclays
Fees:	3%
Cusip:	06741VJE3

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