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Published on 5/1/2020 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $718,000 buffered SuperTrack notes on iShares EAFE

By Marisa Wong

Los Angeles, May 1 – Barclays Bank plc priced $718,000 of 0% buffered SuperTrack notes due April 20, 2023 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF finishes at or above its initial level, the payout at maturity will be par plus 1.15 times the ETF gain.

If the ETF declines up to 15%, investors will receive par. Otherwise, investors will lose 1% for each 1% decline beyond the 15% buffer.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Buffered SuperTrack notes
Underlying ETF:iShares MSCI EAFE ETF
Amount:$718,000
Maturity:April 20, 2023
Coupon:0%
Price:Par
Payout at maturity:Par plus 1.15 times any ETF gain; par if ETF declines by up to 15%; otherwise, 1% loss for each 1% decline beyond 15%
Initial value:$54.27
Buffer value:$46.13, 85% of initial value
Pricing date:April 15
Settlement date:April 20
Agent:Barclays
Fees:0.75%
Cusip:06747PN21

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