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Barclays plans buffered Super Track notes linked to S&P 500 index
By Jennifer Chiou
New York, July 23 - Barclays Bank plc plans to price 0% buffered Super Track notes due July 30, 2015 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par plus any increase in the index.
Investors will receive par if the index declines by less than 30% and will lose 1% for every 1% decline beyond 30%.
The notes (Cusip 06740PHM1) will price on July 26 and settle on July 28.
Barclays Capital Inc. is the agent.
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