Barclays plans callable contingent payment notes tied to indexes, fund

By Susanna Moon

Chicago, Aug. 16 - Barclays Bank plc plans to price callable contingent quarterly payment notes due August 2016 linked to worst performing of the S&P 500 index, the Russell 2000 index, and the iShares MSCI EAFE index fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 8.1% for each quarter that all of the components close above the 65% coupon barrier level on a quarterly valuation date.

The notes are callable at par plus the contingent coupon on any interest payment date.

The payout at maturity will be par unless any component finishes below the 65% barrier level, in which case investors will be fully exposed to any losses of the worst performing component.

The exact deal terms will be set at pricing.

Barclays is the agent.

The notes will price and settle in August.

The Cusip number is 06741TE52.

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