Barclays to price buffered SuperTrack notes linked to Dow and Russell

By Devika Patel

Knoxville, Tenn., Dec. 2 – Barclays Bank plc plans to price buffered SuperTrack notes due June 28, 2019 linked to the lesser-performing of the Dow Jones industrial average and the Russell 2000 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 to 1.3 times the return of that index, with the exact upside leverage factor to be set at pricing. If the index return of the lesser performing index is flat or declines by up to 15%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the lesser performing index declines beyond 15%.

Barclays is the agent.

The notes (Cusip: 06741UX33) will price on Dec. 28 and settle on Dec. 31.

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