New Issue: Barclays prices $1.28 million buffered SuperTracks tied to S&P, Dow

Chicago, Aug. 8 – Barclays Bank plc priced $1.28 million of 0% buffered SuperTrack notes due May 1, 2028 linked to the least performing of the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its initial level, the payout at maturity will be par plus 1.09 times the gain of the worse performing index.

If either index declines by up to 25%, the payout at maturity will be par.

If either falls by more than 25%, investors will lose 1% for each 1% decline of the worse performing index beyond the buffer.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Buffered SuperTrack notes
Underlying assets:	S&P 500 index and Dow Jones industrial average
Amount:	$1,276,000
Maturity:	May 1, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus 1.09 times return of worse performing index; if either index declines by up to 25%, par; otherwise, 1% loss per 1% decline of worse performing index beyond 25%
Initial levels:	4,566.75 for S&P and 35,520.12 for Dow
Buffer levels:	3,425.06 for S&P and 35,520.12 for Dow; 75% of initial levels
Pricing date:	July 26
Settlement date:	July 31
Agent:	Barclays
Fees:	3.75%
Cusip:	06745MPH5

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.