Barclays plans callable contingent payment notes tied to fund, indexes

By Susanna Moon

Chicago, July 21 – Barclays Bank plc plans to price callable contingent payment notes due July 26, 2018 linked to the worst performing of the S&P 500 index, the Russell 2000 index and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 8.4% if each component closes at or above its coupon barrier level, 70% of the initial 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 its 70% trigger level, in which case investors will be fully exposed to any losses of the worst performing component.

Barclays is the agent.

The notes will price on July 22 and settle on July 27.

The Cusip number is 06741UB78.

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