Barclays plans callable contingent payment notes linked to Euro Stoxx 50

By Susanna Moon

Chicago, April 17 - Barclays Bank plc plans to price callable contingent payment notes due April 30, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent coupon at an annualized rate of 7.2% for each quarter that the index closes above the 75% coupon barrier level on a quarterly valuation date.

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

The payout at maturity will be par unless the index finishes below the 65% trigger level, in which case investors will be fully exposed to any losses.

The exact deal terms will be set at pricing.

Barclays is the agent.

The notes will price on April 25 and settle on April 30.

The Cusip number is 06741UCP7.

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