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Barclays plans to price buffered SuperTrack notes linked to two ETFs
By Devika Patel
Knoxville, Tenn., Dec. 7 – Barclays Bank plc plans to price 0% buffered SuperTrack notes due Dec. 23, 2021 linked to the lesser-performing index of the iShares MSCI Emerging Markets ETF and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the lesser performing ETF is greater than zero, the payout at maturity will be par plus 1.5 to 1.55 times the return, with the exact upside leverage factor to be set at pricing. If the return of the lesser performing ETF is flat or declines by up to 30%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the lesser performing ETF declines beyond 30%.
Barclays is the agent.
The notes (Cusip: 06746XZR7) will price on Dec. 20 and settle on Dec. 26.
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