E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 3/20/2018 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $1.77 million buffer SuperTrack notes on iShares MSCI EAFE

By Susanna Moon

Chicago, March 20 – Barclays Bank plc priced $1.77 million of 0% buffered SuperTrack notes due March 5, 2020 linked to a basket consisting of the iShares Russell 2000 ETF and the SPDR® S&P MidCap 400 ETF Trust, equally weighted, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any basket gain up to a maximum return of 22.05%.

Investors will receive par if the basket falls by up to 15% and will lose 1% for each 1% decline beyond the buffer.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Buffered SuperTrack notes
Underlying basket:iShares Russell 2000 ETF and SPDR S&P MidCap 400 ETF Trust, equally weighted
Amount:$2,965,000
Maturity:March 5, 2020
Coupon:0%
Price:Par
Payout at maturity:Par plus 1.5 times any basket gain, capped at 22.05%; par if basket falls by up to 15%; otherwise, 1% loss per 1% decline beyond 15%
Initial level:$152.35 for Russell fund, $341.78 for midcap fund
Pricing date:March 2
Settlement date:March 8
Agent:Barclays
Fees:None
Cusip:06744CXD8

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.