Barclays to price buffered Super Track notes tied to S&P 500, Russell

By Toni Weeks

San Luis Obispo, Calif., July 6 – Barclays Bank plc plans to price 0% buffered Super Track notes due Jan. 31, 2019 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes above the initial level, the payout at maturity will be par plus the gain of the least-performing index.

If the least-performing index finishes at or below the initial level and above the buffer level, the payout will be par. The buffer level is expected to be 75% to 80% of the initial level and will be set at pricing.

Otherwise, investors will be exposed to any losses beyond the buffer.

The notes (Cusip: 06741UZC1) will price July 28 and settle July 31.

Barclays is the agent.

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