Barclays plans to sell Buffered Super Track Notes linked to S&P 500

By Jennifer Chiou

New York, Dec. 23 - Barclays Bank plc plans to price 0% Buffered Super Track Notes due Jan. 27, 2011 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any increase in the index, a maximum return of 11.4% to 13.4%. The exact cap will be set at pricing.

Investors will receive par if the index falls by up to 10% and will be exposed to losses beyond 10%.

The notes will price on Dec. 24 and settle on Dec. 30.

Barclays Capital Inc. is the agent.

© 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.