Barclays to price barrier SuperTrack notes linked to S&P 500, Russell

By Angela McDaniels

Tacoma, Wash., Feb. 14 – Barclays Bank plc plans to price 0% barrier SuperTrack notes due Feb. 27, 2024 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of the lesser-performing index is greater than its initial level, the payout at maturity will be par plus 1.65 times the lesser-performing index’s return.

If the final level of the lesser-performing index is less than or equal to its initial level but greater than or equal to its barrier value, 50% of its initial level, the payout will be par.

If the final level of the lesser-performing index is less than its barrier value, investors will lose 1% for every 1% that the lesser-performing index declines from its initial level.

Barclays is the agent.

The notes will price Feb. 22.

The Cusip number is 06747MED4.

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