Barclays to price barrier SuperTrack notes linked to S&P 500, Dow

By Sarah Lizee

Olympia, Wash., May 9 – Barclays Bank plc plans to price 0% barrier SuperTrack notes due May 15, 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 final level of the lesser-performing index is greater than its initial level, the payout at maturity will be par plus 1.7 times the lesser-performing index’s return.

If the final level of the lesser-performing index is less than or equal to its initial level but greater than or equal to its barrier value, 80% of its initial level, the payout will be par.

If the final level of the lesser-performing index is less than its barrier value, investors will lose 1% for every 1% that the lesser-performing index declines from its initial level.

Barclays is the agent.

The notes will price May 10.

The Cusip number is 06747MTU0.

© 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.