Barclays plans contingent 10.25%-10.75% callables on indexes, fund

By Susanna Moon

Chicago, Aug. 22 – Barclays Bank plc plans to price callable contingent coupon notes due Aug. 29, 2022 linked to the least performing of the Nasdaq-100 index, the S&P 500 index and the United States Oil Fund, LP, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 10.25% to 10.75% if each underlying asset closes at or above its 60% coupon barrier on the observation date for that quarter.

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

The payout at maturity will be par unless any underlying asset closes below its 50% trigger level, in which case investors will be exposed to any losses of the worst performing index.

Barclays is the agent.

The notes will price on Aug. 24.

The Cusip number is 06746XMT7.

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