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Barclays plans barrier SuperTrack due 2024 on S&P, Russell
By Sarah Lizee
Olympia, Wash., May 18 – Barclays Bank plc plans to price 0% barrier SuperTrack notes due May 31, 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 lesser-performing index’s return is positive, the payout at maturity will be par plus 1.575 times the lesser-performing index’s return. If the lesser-performing index declines by 30% or less, the payout will be par. If it declines by more than 30%, investors will lose 1% for each 1% that the lesser-performing index declines from its initial level.
Barclays is the agent.
The notes will price on May 29.
The Cusip number is 06747PU49.
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