Barclays plans buffered Super Track notes due 2017 on S&P 500 index

By Tali Rackner

Norfolk, Va., Oct. 30 – Barclays Bank plc plans to price 0% buffered Super Track notes due Nov. 30, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times the index gain, subject to a maximum return of 10.5% to 12%. The exact cap will be set at pricing.

Investors will receive par if the index falls by up to the 15% buffer and will be exposed to any losses beyond the buffer.

Barclays is the agent.

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

The Cusip number is 06741UQ98.

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