Published on 3/27/2014 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.75 million Super Track notes linked to iShares MSCI EAFE
By Angela McDaniels
Tacoma, Wash., March 27 - Barclays Bank plc priced $1.75 million of 0% Super Track notes due Sept. 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 1.5 times any fund gain, up to a maximum return of 13.8%. 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
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Issue: | Super Track notes
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Underlying ETF: | iShares MSCI EAFE ETF
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Amount: | $1.75 million
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Maturity: | Sept. 30, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times any fund gain, capped at 13.8%; par if shares fall by up to 15%; 1.1765% loss for every 1% drop beyond 15%
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Initial share price: | $66.02
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Pricing date: | March 26
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Settlement date: | March 31
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Agent: | Barclays
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Fees: | None
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Cusip: | 06741UAZ7
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