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

By Devika Patel

Knoxville, Tenn., Dec. 31 – Barclays Bank plc plans to price 0% buffered SuperTrack notes due Feb. 5, 2024 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

If the index return is greater than zero, the payout at maturity will be par plus 115% to 120% of the index return, with the exact participation rate to be set at pricing.

If the index return is flat or negative but the index declines by no more than the 30% buffer, the payout will be par.

Investors will lose 1% for each 1% loss beyond the buffer.

Barclays is the agent.

The notes (Cusip: 06747M6E1) will price on Jan. 31 and settle on Feb. 5.

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