Barclays plans buffered Super Track notes linked to Asian index basket

By Susanna Moon

Chicago, Feb. 28 - Barclays Bank plc plans to price 0% buffered Super Track notes due March 2018 linked to a basket of equally weighted indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying indexes are the Hang Seng China Enterprises index, the Korea Composite Stock Price Index 200, the Hang Seng index, the MSCI Taiwan Price index and the MSCI Singapore index.

The payout at maturity will be par plus 1.1 times to 1.3 times any basket gain, with the exact upside leverage factor to be set at pricing.

Investors will receive par if the basket falls by up to 20% and will be exposed to any losses beyond 20%.

Barclays is the agent.

The notes will price and settle in March.

The Cusip number is 06741TPU5.

© 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.