New Issue: Barclays sells $122,000 contingent coupon callables tied to index, fund

By Susanna Moon

Chicago, July 11 – Barclays Bank plc priced $122,000 of contingent coupon callable notes due June 30, 2020 linked to the S&P 500 index and the SPDR S&P Regional Banking ETF, according to a 424B2 filed with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon an annual rate of 7% if each underlying component closes at or above its 70% coupon barrier on the observation date for that quarter.

The notes will be callable at par on any interest payment date beginning December 2017.

The payout at maturity will be par unless either component finishes below its 70% barrier level, in which case investors will lose 1% for each 1% decline of the worse performing component.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Contingent coupon callable notes
Underlying assets:	S&P 500 index and SPDR S&P Regional Banking ETF
Amount:	$122,000
Maturity:	June 30, 2020
Coupon:	7% per year, payable quarterly, if each index or fund at or above 70% coupon barrier on observation date for quarter
Price:	Par
Call option:	At par on any interest payment date beginning December 2017
Payout at maturity:	Par unless either component finishes below 70% barrier, in which case 1% loss for each 1% decline of worse performing component
Initial levels:	2,419.38 for S&P, $53.56 for bank fund
Barrier levels:	1,693.57 for S&P, $37.49 for bank fund; 70% of initial levels
Pricing date:	June 27
Settlement date:	June 30
Agent:	Barclays
Fees:	3.5%
Cusip:	06741VWY4

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