Barclays plans to price SuperTrack notes linked to Dow, Russell 2000

By Angela McDaniels

Tacoma, Wash., May 8 – Barclays Bank plc plans to price 0% SuperTrack notes due May 13, 2022 linked to the lesser performing of the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the lesser-performing index is positive, the payout at maturity will be par plus 250% of the lesser-performing index’s return, subject to a maximum payment of $2,250 per $1,000 principal amount.

If the lesser-performing index’s return is flat or negative but its final level is greater than or equal to its barrier level, the payout will be par. Each index’s barrier level is expected to be 55% to 60% of its initial level and will be set at pricing.

If the lesser-performing index finishes below its barrier level, investors will lose 1% for each 1% that the lesser-performing index declines from its initial level.

Barclays is the agent.

The notes will price May 10.

The Cusip number is 06741VV74.

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