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Barclays plans Super Track notes linked to Euro Stoxx, FTSE, Nikkei
By Angela McDaniels
Tacoma, Wash., Dec. 23 – Barclays Bank plc plans to price 0% Super Track notes due Jan. 31, 2018 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the Euro Stoxx 50 index with a 50% weight, the FTSE 100 index with a 25% weight and the Nikkei Stock Average index with a 25% weight.
If the basket return is positive, the payout at maturity will be par plus 125% of the basket return.
If the final basket level is equal to or less than the initial basket level but greater than or equal to the barrier level, the payout will be par. The barrier level is expected to be 80% to 85% of the initial level and will be set at pricing.
If the final basket level is less than the barrier level, investors will be fully exposed to the basket’s decline.
Barclays is the agent.
The notes will price Dec. 28.
The Cusip number is 06741U2D5.
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