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Barclays will price buffered SuperTrack notes linked to Euro Stoxx 50
By Devika Patel
Knoxville, Tenn., May 23 – Barclays Bank plc plans to sell 0% buffered SuperTrack notes due June 3, 2021 linked to the Euro Stoxx 50 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 155% to 160% 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: 06746XA52) will price on May 31 and settle on June 5.
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