Published on 7/13/2016 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $5.18 million buffered SuperTrack notes on iShares MSCI EAFE
By Wendy Van Sickle
Columbus, Ohio, July 13 – Barclays Bank plc priced $5.18 million of 0% buffered SuperTrack notes due March 14, 2018 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 the fund gain, up to a maximum return of 17.25%.
Investors will receive par if the fund falls by up to 20% and lose 1.25% for each 1% loss beyond 20%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered SuperTrack notes
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| Underlying fund: | iShares MSCI EAFE exchange-traded fund
|
| Amount: | $5,175,000
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| Maturity: | March 14, 2018
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| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par plus 1.5 times any fund gain, capped at 17.25%; par if the index fund by up to 20%; 1.25% loss for each 1% loss beyond 20%
|
| Initial price: | $55.24
|
| Pricing date: | July 11
|
| Settlement date: | July 14
|
| Agent: | Barclays
|
| Fees: | None
|
| Cusip: | 06741V6M9
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