New Issue: Barclays prices $3.04 million buffered SuperTrack notes tied to Russell, S&P

By Wendy Van Sickle

Columbus, Ohio, April 20 – Barclays Bank plc priced $3.04 million of 0% buffered SuperTrack notes due April 24, 2019 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index closes at or above its initial level, the payout at maturity will be par plus 1.4 times the gain of the worse performing index.

If either index falls but by no more than 30%, the payout will be par.

Otherwise, investors will be fully exposed to any losses of the worse performing index.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Buffered SuperTrack notes
Underlying index:	Russell 2000 index, S&P 500 index
Amount:	$3,036,000
Maturity:	April 24, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gain, par plus 1.4 times the gain of worse performing index; if either index falls but by no more than 30%, par; if either index falls by more than 70%, full exposure to any losses of worse performing index.
Initial levels:	1,361.89 for Russell, 2,342.19 for S&P
Barrier levels:	953.32 for Russell, 1,639.53 for S&P, or 70% of initial levels
Pricing date:	April 14
Settlement date:	April 21
Agent:	Barclays
Fees:	0.5%
Cusip:	06741VSA1

© 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.