Published on 3/27/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $3.51 million buffered SuperTrack notes tied to iShares MSCI EAFE
By Susanna Moon
Chicago, March 27 – Barclays Bank plc priced $3.51 million of 0% buffered SuperTrack notes due Sept. 21, 2018 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus double any fund gain, up to a maximum return of 20%.
Investors will receive par if the fund falls by up to 10% and will lose 1.11111% for each 1% decline beyond 10%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered SuperTrack notes
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Underlying fund: | iShares MSCI EAFE ETF
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Amount: | $3.51 million
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Maturity: | Sept. 21, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus double any fund gain, return capped at 20%; par if fund falls by up to 10%; 1.11111% loss for each 1% decline beyond 10%
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Initial level: | $62.10
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Barrier level: | 90% of initial level
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Pricing date: | March 20
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Settlement date: | March 23
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Agent: | Barclays
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Fees: | 0.25%
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Cusip: | 06741VPQ9
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