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Barclays plans SuperTrack notes due 2020 on basket of indexes, ETF
By Sarah Lizee
Olympia, Wash., Sept. 19 – Barclays Bank plc plans to price 0% SuperTrack notes due Oct. 1, 2020 linked to a basket of indexes and an exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 50% weight, the Euro Stoxx 50 index with a 30% weight and the iShares MSCI Emerging Markets ETF with a 20% weight.
If the basket return is positive, the payout at maturity will be par plus two times the basket return, capped at par plus 26%.
If the basket falls by up to 10%, the payout will be par.
Investors will lose 1% for each 1% decline beyond the 10% buffer.
Barclays is the agent.
The notes (Cusip: 06746XR47) will price on Sept. 27 and settle on Oct. 2.
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