Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers R > Headlines for Russell 2000 index > News item |
Barclays to price buffered Super Track notes tied to S&P 500, Russell
By Toni Weeks
San Luis Obispo, Calif., July 6 – Barclays Bank plc plans to price 0% buffered Super Track notes due Jan. 31, 2019 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 each index finishes above the initial level, the payout at maturity will be par plus the gain of the least-performing index.
If the least-performing index finishes at or below the initial level and above the buffer level, the payout will be par. The buffer level is expected to be 75% to 80% of the initial level and will be set at pricing.
Otherwise, investors will be exposed to any losses beyond the buffer.
The notes (Cusip: 06741UZC1) will price July 28 and settle July 31.
Barclays is the agent.
© 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.