New Issue: Barclays prices $358,000 buffered SuperTrack notes linked to S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, May 25 – Barclays Bank plc priced $358,000 of 0% buffered SuperTrack notes due May 31, 2022 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the lesser-performing index’s return is positive, the payout at maturity will be par plus 1.5 times the lesser-performing index’s return, capped at 13.5%. If the lesser-performing index declines by 10% or less, the payout will be par. Investors will lose 1% for each 1% that the lesser-performing index declines beyond 10%.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Buffered SuperTrack notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$358,000
Maturity:	May 31, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If lesser-performing index’s return is positive, par plus 1.5 times lesser-performing index’s return, capped at 13.5%; if lesser-performing index’s final level is less than or equal to initial level but greater than or equal to buffer level, par; if lesser-performing index’s final level is less than buffer level, 1% loss for every 1% that lesser-performing index declines beyond buffer
Initial levels:	4,181.17 for S&P, 2,266.45 for Russell
Buffer levels:	3,763.05 for S&P, 2,039.81 for Russell, or 90% of initial levels
Pricing date:	April 30
Settlement date:	May 5
Agent:	Barclays
Fees:	0.8%
Cusip:	06748EHL0

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.