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Barclays plans five-year SuperTrack notes tied to three indexes, fund
By Susanna Moon
Chicago, Oct. 22 – Barclays Bank plc plans to price 0% SuperTrack notes due Oct. 31, 2023 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 weight of 40%, the Russell 2000 index with a weight of 20%, the Euro Stoxx 50 index with a weight of 20% and the iShares MSCI Emerging Markets ETF with a weight of 20%.
The payout at maturity will be par plus 1.4 to 1.45 times any basket gain, up to a maximum return of 26%.
Investors will receive par if the basket falls by up to 40% and will be fully exposed to any losses if the basket falls below the 60% barrier level.
Barclays is the agent.
The notes will price on Oct. 31.
The Cusip number is 06746XSE4.
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