New Issue: Barclays prices $10.84 million callable contingent coupon notes tied to S&P

By Wendy Van Sickle

Columbus, Ohio, Nov. 7 – Barclays Bank plc priced $10.84 million of callable contingent coupon notes due Nov. 5, 2027 linked to the S&P 500 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% if the index closes at or above its coupon barrier, 80% of its initial level, on the observation date for that period.

The notes are callable at par on any interest payment date after the first two dates.

The payout at maturity will be par unless the index finishes below its 75% barrier level, in which case investors will be fully exposed to the decline.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Callable contingent coupon notes
Underlying index:	S&P 500
Amount:	$10.84 million
Maturity:	Nov. 5, 2027
Contingent coupon:	8% per year, payable quarterly if index closes at or above coupon barrier level on observation date for that period
Price:	Par
Payout at maturity:	If index finishes at or above barrier level, par; otherwise, full exposure to losses
Call option:	At par on any interest payment date after the first two dates
Initial index level:	2,579.36
Coupon barrier:	2,063.49, or 80% of initial level
Barrier level:	1,934.52, or 75% of initial level
Pricing date:	Nov. 2
Settlement date:	Nov. 7
Agent:	Barclays
Fees:	1%
Cusip:	06744CL90

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