New Issue: Barclays prices $3.38 million barrier SuperTrack notes linked to S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, June 5 – Barclays Bank plc priced $3.38 million of 0% barrier SuperTrack notes due May 31, 2024 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, 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 1.575 times the lesser-performing index’s return. If the lesser-performing index declines by 30% or less, the payout will be par. If it declines by more than 30%, investors will lose 1% for each 1% that the lesser-performing index declines from its initial level.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Barrier SuperTrack notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$3,378,000
Maturity:	May 31, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If lesser-performing index’s return is positive, par plus 1.575 times lesser-performing index’s return; if lesser-performing index’s final level is less than or equal to initial level but greater than or equal to barrier level, par; if lesser-performing index’s final level is less than barrier level, 1% loss for every 1% that lesser-performing index declines from initial level
Initial level:	3,044.31 for S&P, 1,394.04 for Russell
Barrier levels:	2,131.02 for S&P, 975.83 for Russell; 70% of initial levels
Pricing date:	May 29
Settlement date:	June 3
Agent:	Barclays
Fees:	1.85%
Cusip:	06747PU49

© 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.