Barclays plans buffered Super Track digital notes on SPDR S&P Metals

By Marisa Wong

Madison, Wis., May 4 - Barclays Bank plc plans to price 0% buffered Super Track digital notes due May 30, 2014 linked to the SPDR S&P Metals & Mining exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund return is greater than or equal to zero, the payout at maturity will be par plus the digital percentage, which is expected to be 18% to 20% and will be set at pricing. Investors will receive par if the fund share price declines by 20% or less and will lose 1% for every 1% that it declines beyond 20%.

The notes (Cusip: 06738K4R9) will price May 29 and settle May 31.

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.