Barclays plans callable contingent coupon notes tied to three indexes

By Angela McDaniels

Tacoma, Wash., Nov. 18 – Barclays Bank plc plans to price callable contingent coupon notes due June 1, 2023 linked to the least performing of the S&P 500 index, the Russell 2000 index and the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at the rate of 8% per year if each index closes at or above its barrier value, 65% of its initial level, on the observation date for that quarter.

The notes will be callable at par quarterly from February 2020 to and including February 2023.

The payout at maturity will be par unless the least-performing index finishes below its barrier value, in which case investors will lose 1% for every 1% that the least-performing index declines from its initial level.

Barclays is the agent.

The notes will price Nov. 26.

The Cusip number is 06747NQF4.

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