New Issue: Barclays prices $1.26 million 8% contingent coupon callables tied to Russell, Stoxx

By Susanna Moon

Chicago, March 13 – Barclays Bank plc priced $1.26 million of callable contingent coupon notes due Feb. 28, 2023 linked to the lesser performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent semiannual coupon at an annual rate of 8% if each index closes at or above its 70% coupon barrier on the review date for that period.

The notes are callable at par on any interest payment date beginning with second observation date.

The payout at maturity will be par unless either underlying index closes below its 70% barrier level, in which case investors will be exposed to any losses of the worse performing index.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Callable contingent coupon notes
Underlying indexes:	Russell 2000, Euro Stoxx 50
Amount:	$1,263,000
Maturity:	Feb. 28, 2023
Coupon:	8% annualized, payable semiannually if each index closes at or above its 70% coupon barrier on observation date for that period
Price:	Par
Payout at maturity:	Par unless either index falls by more than 30%, in which case 1% loss per 1% decline of worse performing index
Call option:	At par on any interest payment date beginning with second observation date
Initial levels:	1,549.19 for Russell, 3,441.46 for Stoxx
Barrier levels:	1,084.43 for Russell, 2,409.02 for Stoxx, 70% of initial levels
Pricing date:	Feb. 23
Settlement date:	Feb. 28
Agent:	Barclays
Fees:	4.125%
Cusip:	06744CTV3

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