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

By Devika Patel

Knoxville, Tenn., June 8 – Barclays Bank plc plans to price buffered SuperTrack notes due June 10, 2021 linked to the S&P 500 index, according to an 424B2 filing 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, subject to a maximum payout of 30%. If the index return is flat or declines by up to 30%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 30%.

Barclays is the agent.

The notes (Cusip: 06746XF24) will settle on June 12.

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