Barclays to price callable contingent coupon notes on Stoxx, Russell

By Marisa Wong

Morgantown, W.Va., Nov. 14 – Barclays Bank plc plans to price callable contingent coupon notes due Nov. 30, 2026 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 quarterly coupon at an annual rate of 10% if each index closes at or above its coupon barrier level, 70% of its initial level, on a quarterly observation date.

After one year, the notes will be callable at par on any contingent coupon payment date.

The payout at maturity will be par unless either index finishes below its 50% barrier level, in which case investors will be fully exposed to any decline of the worse performing index.

Barclays is the agent.

The notes will price Nov. 28 and settle on Nov. 30.

The Cusip number is 06741VDQ2.

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