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Barclays to price buffered SuperTrack notes tied to Russell, S&P
By Marisa Wong
Morgantown, W.Va., Aug. 2 – Barclays Bank plc plans to price 0% buffered SuperTrack notes due Feb. 22, 2022 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 worse performing index is greater than negative 6%, the payout at maturity will be par plus 1.89 times the sum of the return of the worse performing index plus 6%, up to a maximum return of 56.7%.
If the worse performing index falls by between 6% and 16%, the payout will be par.
Otherwise, investors will be exposed to any losses of the worse performing index beyond the 16% buffer.
Barclays is the agent.
The notes will price on Aug. 3.
The Cusip number is 06744CFT3.
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