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Barclays plans to price Super Track notes linked to S&P 500
By Marisa Wong
Madison, Wis., Sept. 18 – Barclays Bank plc plans to price 0% Super Track notes due Sept. 26, 2019 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 140% of the index return.
Investors will receive par if the index stays flat or falls by up to 30%.
If the index finishes below the 70% barrier level, investors will lose 1% for every 1% drop below the initial level.
Barclays is the agent.
The notes are expected to price Sept. 22 and settle Sept. 25.
The Cusip number is 06741UKD5.
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