New Issue: Barclays prices $451,000 buffered SuperTrack notes tied to S&P 500, the Dow

By Wendy Van Sickle

Columbus, Ohio, May 10 – Barclays Bank plc priced $451,000 of 0% buffered SuperTrack notes due May 3, 2023 linked to 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 1.3 times the gain of the worse performing index.

If either index falls by up to 30%, the payout at maturity will be par.

Otherwise, 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 indexes:	S&P 500 index and Dow Jones industrial average
Amount:	$451,000
Maturity:	May 3, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus 1.3 times return of worse performing index; if either index falls by up to 30%, par; otherwise, 1% loss per 1% decline of worse performing fund beyond 30%
Initial levels:	2,648.05 for S&P and 24,163.15 for Dow
Pricing date:	April 30
Settlement date:	May 3
Agent:	Barclays
Fees:	1.125%
Cusip:	06746X4J9

© 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.