Barclays plans barrier SuperTrack notes linked to S&P, Dow industrials

By Angela McDaniels

Tacoma, Wash., Nov. 18 – Barclays Bank plc plans to price 0% barrier SuperTrack notes due Dec. 3, 2024 linked to the lesser 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 the lesser-performing index’s return is positive, the payout at maturity will be par plus 143% to 148% of the lesser-performing index’s return. The exact upside leverage factor will be set at pricing.

If the lesser-performing index declines by 50% or less, the payout will be par.

If the lesser-performing index declines by more than 50%, investors will lose 1% for each 1% that the lesser-performing index declines from its initial level.

Barclays is the agent.

The notes will price Nov. 27.

The Cusip number is 06747NNK6.

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