Barclays plans 8.25% contingent income callables tied to three indexes

By Susanna Moon

Chicago, Sept. 27 – Barclays Bank plc plans to price contingent income callable securities due Oct. 12, 2022 linked to the least performing of the S&P 500 index, the Euro Stoxx 50 index and the Topix 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 8.25% if each index closes at or above its 70% coupon barrier on the determination date for that quarter.

The notes will be callable at par on any quarterly determination date other than the final date.

The payout at maturity will be par plus the final coupon unless any index finishes below its 70% downside threshold, in which case investors will be fully exposed to the decline of the worst performing index.

Barclays is the agent with Morgan Stanley Wealth Management as a dealer.

The notes will price on Oct. 6.

The Cusip number is 06744C5R8.

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