Barclays intends to price buffered SuperTrack notes linked to S&P 500

By Devika Patel

Knoxville, Tenn., Aug. 10 – Barclays Bank plc plans to price 0% buffered SuperTrack notes due Aug. 28, 2020 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

If the index return is greater than zero, the payout at maturity will be par plus the index return. If the index return is flat or negative but the index declines by no more than the 15% to 20% buffer, the payout will be par. Investors will lose 1% for each 1% loss beyond the buffer, which will be set at pricing.

Barclays is the agent.

The notes (Cusip: 06741V7H9) will price on Aug. 25 and settle on Aug. 30.

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