Published on 5/8/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $3.52 million SuperTrack notes tied to iShares MSCI EAFE
By Wendy Van Sickle
Columbus, Ohio, May 8 – Barclays Bank plc priced $3.52 million of 0% SuperTrack notes due Nov. 9, 2020 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 1.2875 times any gain in the fund.
Investors will receive par if the fund falls by up to 30% and will be fully exposed to the loss if the index falls by more than 30%
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | SuperTrack notes
|
| Underlying fund: | iShares MSCI EAFE ETF
|
| Amount: | $3,518,000
|
| Maturity: | Nov. 9, 2020
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.2875 times any fund gain; par if fund falls by up to 30%; otherwise, full exposure to loss
|
| Initial level: | $64.87
|
| Pricing date: | May 4
|
| Settlement date: | May 9
|
| Agent: | Barclays
|
| Fees: | 2.75%
|
| Cusip: | 06741VU34
|
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