Barclays to price callable contingent coupon notes tied to two ETFs

By Sarah Lizee

Olympia, Wash., June 7 – Barclays Bank plc plans to price callable contingent coupon notes due June 24, 2022 linked to the least performing of the iShares MSCI Emerging Markets ETF and the SPDR S&P Biotech ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent semiannual coupon at an annual rate of 14.75% if each underlying asset closes at or above its 70% coupon barrier on the observation date for that period.

The notes are callable at par on any interest payment date after six months.

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

Barclays is the agent.

The notes will price on June 21.

The Cusip number is 06747MZ33.

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