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Barclays to price Super Track notes due 2018 linked to S&P 500
By Jennifer Chiou
New York, Aug. 29 - Barclays Bank plc plans to price 0% Super Track notes due Sept. 7, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus at least 1.4 times the index return.
If the index return is equal to or less than zero and declines to no lower than the barrier level, 70% of the initial level, the payout will be par.
Otherwise, investors will share in losses.
The notes (Cusip: 06741TG76) are expected to price on Sept. 4 and settle on Sept. 9.
Barclays is the agent.
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