Barclays plans buffered Super Track notes tied to S&P 500 index

By Toni Weeks

San Luis Obispo, Calif., Jan. 3 - Barclays Bank plc plans to price 0% buffered Super Track notes due Jan. 31, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus the index return.

Investors will receive par if the index stays flat or falls by up to the buffer amount of 20% to 25% and will lose 1% for every 1% drop beyond the buffer. The exact buffer will be set at pricing.

The notes (Cusip: 06741T3W5) are expected to price Jan. 28 and settle Jan. 31.

Barclays 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.