Barclays to price SuperTrack notes linked to S&P 500, Russell 2000

By Angela McDaniels

Tacoma, Wash., May 8 – Barclays Bank plc plans to price 0% SuperTrack notes due Dec. 3, 2020 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the lesser-performing index is positive, the payout at maturity will be par plus 120% to 130% of the lesser-performing index’s return. The exact upside leverage factor will be set at pricing.

If the lesser-performing index’s return is flat or negative but its final level is greater than or equal to its barrier level, 60% of its initial level, the payout will be par.

If the lesser-performing index finishes below its barrier level, investors will lose 1% for each 1% that the lesser-performing index declines from its initial level.

Barclays is the agent.

The notes will price May 30.

The Cusip number is 06741VV33.

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