Barclays to price SuperTrack notes tied to basket of S&P, Russell

By Sarah Lizee

Olympia, Wash., May 21 – Barclays Bank plc plans to price 0% SuperTrack notes due May 29, 2024 linked to a basket of the S&P 500 index with a 75% weight and the Russell 2000 index with a 25% weight, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the basket is positive, the payout at maturity will be par plus 1.205 times the return.

If the basket falls by up to 25%, the payout will be par.

If the basket declines by more than 25%, investors will lose 1% for each 1% decline beyond the buffer.

Barclays is the agent.

The notes will price May 23.

The Cusip number is 06747MV60.

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