Barclays plans five-year buffered SuperTrack notes linked to S&P 500

By Susanna Moon

Chicago, May 15 – Barclays Bank plc plans to price 0% buffered SuperTrack notes due May 31, 2022 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 1.2 to 1.25 times any index gain, with the exact upside leverage to be set at pricing.

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

Barclays is the agent.

The notes will price on May 25 and settle on May 31.

The Cusip number is 06741VT36.

© 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.