Barclays plans 7.45%-8.45% contingent rate callables on indexes, fund

By Susanna Moon

Chicago, Oct. 13 – Barclays Bank plc plans to price callable contingent coupon notes due Oct. 30, 2019 linked to the least performing of the Russell 2000 index, the S&P 500 index and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annualized rate of 7.45% to 8.45% if each underlying component closes at or above its 70% coupon barrier on the observation date for that quarter.

The notes are callable at par on any interest payment date after the third observation date.

The payout at maturity will be par unless any underlying component finishes below its initial level and ever closes below its 70% barrier level during the life of the notes, in which case investors will be fully exposed to the decline of the worst performing index or fund.

Barclays is the agent.

The notes will price on Oct. 25.

The Cusip number is 06744CD24.

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