New Issue: Barclays sells $540,000 callable contingent coupon notes on Martin Marietta

By Wendy Van Sickle

Columbus, Ohio, May 14 – Barclays Bank plc priced $540,000 of callable contingent coupon notes due May 3, 2023 linked to the common stock of Martin Marietta Materials, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent quarterly coupon at an annualized rate of 9.5% if the stock closes at or above its coupon barrier level, 75% of its initial level, on the observation date that period.

The notes will be callable in whole at par on any observation date.

If the stock finishes at or above its barrier level, 75% of its initial level, the payout at maturity will be par. Otherwise, investors will be fully exposed to the decline.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Callable contingent coupon notes
Underlying shares:	Martin Marietta Materials, Inc.
Amount:	$540,000
Maturity:	May 3, 2023
Contingent coupon:	9.5% per year, payable each quarter that stock closes at or above coupon barrier level observation date that period
Price:	Par
Payout at maturity:	If stock finishes at or above barrier level, par; otherwise, full exposure to losses
Call option:	At par on any observation date
Initial levels:	$194.77
Coupon barrier:	$146.08; 75% of initial level
Barrier level:	$146.08; 75% of initial level
Pricing date:	April 30
Settlement date:	May 3
Agent:	Barclays
Fees:	1%
Cusip:	06746XAS2

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