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Barclays to price buffered Super Track notes tied to Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., May 7 - Barclays Bank plc plans to price 0% buffered Super Track notes due May 26, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 125% of the index return.
Investors will receive par if the index stays flat or falls by up to 15% and will lose 1% for every 1% drop below the initial level if the index return is less than negative 15%.
The notes (Cusip: 06741TUX3) are expected to price May 23 and settle May 29.
Barclays is the agent.
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