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Barclays to price buffered SuperTrack notes on Russell 2000, S&P 500
By Marisa Wong
Morgantown, W.Va., Aug. 25 – Barclays Bank plc plans to price 0% buffered SuperTrack notes due Aug. 30, 2019 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes above its initial level, the payout at maturity will be par plus 2 times the gain of the worse performing index, up to a maximum return of 28%.
If either index falls but by no more than 10%, the payout will be par.
Otherwise, investors will be exposed to any losses of the worse performing index beyond the 10% buffer.
Barclays is the agent.
The notes will price on Aug. 28.
The Cusip number is 06744CHC8.
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