New Issue: Barclays prices $492,000 callable contingent coupon notes on index, fund

By Wendy Van Sickle

Columbus, Ohio, July 13 – Barclays Bank plc priced $492,000 of callable contingent coupon notes due July 6, 2020 linked to the S&P 500 index and the SPDR S&P Regional Banking exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent quarterly coupon of 8.5% if each underlying component closes at or above its 70% coupon barrier on the observation date for that period.

The payout at maturity will be par unless either component finishes below its 70% trigger level, in which case investors will be fully exposed to any losses.

The notes are callable at par on any interest payment date after six months.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Callable contingent coupon notes
Underlying:	S&P 500 index, SPDR S&P Regional Banking ETF
Amount:	$492,000
Maturity:	July 6, 2020
Coupon:	8.5% annualized, payable quarterly if each component closes at or above 70% coupon barrier on observation date for that period
Price:	Par
Payout at maturity:	Par unless any component finishes below its 70% barrier level, in which case 1% loss for each 1% decline of the worse performing component from initial level
Call option:	At par on any interest payment date after six months
Initial levels:	2,423.41 for S&P, $54.95 for fund
Trigger levels:	1,696.39 for S&P, $38.47 for fund, 70% of initial levels
Pricing date:	June 30
Settlement date:	July 6
Agent:	Barclays
Fees:	0.55%
Cusip:	06741VX23

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