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Barclays plans buffered SuperTrack notes linked to S&P 500, Russell
By Devika Patel
Knoxville, Tenn., April 9 – Barclays Bank plc plans to price buffered SuperTrack notes due April 19, 2022 linked to the lesser-performing index of the S&P 500 Index and the Russell 200 Index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return of the lesser performing index is greater than zero, the payout at maturity will be par plus 1.25 times the index return. If the index return is flat or declines by up to 10%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 10%.
Barclays is the agent. The notes (Cusip: 06747PMS5) will price on April 13 and settle on April 16
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