Published on 1/27/2014 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $6.55 million Super Track notes on iShares MSCI EAFE
By Marisa Wong
Madison, Wis., Jan. 27 - Barclays Bank plc priced $6.55 million of 0% Super Track notes due July 30, 2015 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.25 times any fund gain, up to a maximum return of 14%.
Investors will receive par if the shares fall by up to 15% and will lose 1.1765% for every 1% decline beyond 15%.
Barclays is the agent.
Issuer: | Barclays Bank plc
|
Issue: | Super Track notes
|
Underlying fund: | iShares MSCI EAFE ETF
|
Amount: | $6.55 million
|
Maturity: | July 30, 2015
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 1.25 times any fund gain, capped at 14%; par if shares fall by up to 15%; 1.1765% loss for every 1% drop beyond 15%
|
Initial level: | $66.68
|
Pricing date: | Jan. 23
|
Settlement date: | Jan. 30
|
Agent: | Barclays
|
Fees: | None
|
Cusip: | 06741T4W4
|
© 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.