New Issue: Barclays prices $2.86 million buffered SuperTrack notes linked to S&P, Dow

By William Gullotti

Buffalo, N.Y., Oct. 29 – Barclays Bank plc priced $2.86 million of 0% buffered SuperTrack notes due Oct. 29, 2026 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 the lesser-performing index’s return, subject to a maximum return of par plus 75%.

If the lesser-performing index declines by 15% or less, the payout will be par. Investors will lose 1% for each 1% that the lesser-performing index declines beyond 15%.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Buffered SuperTrack notes
Underlying indexes:	S&P 500 index, Dow Jones industrial average
Amount:	$2,858,000
Maturity:	Oct. 29, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If lesser-performing index’s return is positive, par plus the lesser-performing index’s return, capped at 75%; if lesser-performing index’s final level is less than or equal to initial level but greater than or equal to buffer level, par; if lesser-performing index’s final level is less than buffer level, 1% loss for every 1% that lesser-performing index declines beyond buffer
Initial levels:	4,574.79 for S&P, 35,756.88 for Dow
Buffer levels:	3,888.57 for S&P, 30,393.35 for Dow; 85% of initial levels
Pricing date:	Oct. 26
Settlement date:	Oct. 29
Agent:	Barclays
Fees:	3.75%
Cusip:	06748WMH3

© 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.