Barclays to price SuperTrack notes due 2024 linked to S&P, Russell

By Sarah Lizee

Olympia, Wash., Oct. 11 – Barclays Bank plc plans to price 0% SuperTrack notes due Oct. 18, 2024 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 return of the lesser-performing index is positive, the payout at maturity will be par plus 1.68 times the lesser-performing index’s return.

If the lesser-performing index’s return is flat or negative but its final level is greater than or equal to its barrier level, the payout will be par. Each index’s barrier level is expected to be 50% of its initial level and will be set at pricing.

If the lesser-performing index finishes below its barrier level, investors will lose 1% for each 1% that the lesser-performing index declines from its initial level.

Barclays is the agent.

The notes (Cusip: 06746XUF8) will price on Oct. 12 and settle on Oct. 17.

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