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Barclays plans to price SuperTrack notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., April 10 – Barclays Bank plc plans to price 0% SuperTrack notes due April 22, 2020 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 five times the index return, subject to a maximum return that is expected to be 31% to 33% and will be set at pricing. If the index return is negative, investors will have one-to-one exposure to the decline.
Barclays is the agent.
The notes will price April 17.
The Cusip number is 06741VRU8.
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