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Barclays plans to price Super Track notes linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., April 2 – Barclays Bank plc plans to price 0% Super Track notes due Nov. 1, 2018 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 at least 138% of the index return. The exact upside leverage factor will be set at pricing. If the index declines by 25% or less, the payout will be par. If the index declines by more than 25%, investors will lose 1% for every 1% that the final index level is less than the initial index level.
Barclays is the agent.
The notes will price April 27 and settle April 30.
The Cusip number is 06741UTX2.
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