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Barclays plans 10% contingent coupon callables tied to three indexes
By Susanna Moon
Chicago, Jan. 5 – Barclays Bank plc plans to price callable contingent coupon notes due Jan. 31, 2028 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes pay a contingent quarterly coupon at an annualized rate of 10% if each index closes at or above its 75% coupon barrier on the observation date for that quarter.
The notes are callable at par on any interest payment date.
The payout at maturity will be par unless either index finishes below its 60% trigger level, in which case investors will be fully exposed to any losses of the worst performing index.
Barclays is the agent.
The notes will price on Jan. 26.
The Cusip number is 06744CQ79.
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