Published on 6/12/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $131,000 SuperTrack notes due 2022 linked to ETF basket
By Devika Patel
Knoxville, Tenn., June 12 – Barclays Bank plc priced $131,000 of 0% SuperTrack notes due June 3, 2022 linked to a basket of exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the iShares MSCI EAFE exchange-traded fund with a 60% weight and the iShares MSCI Emerging Markets exchange-traded fund with a 40% weight.
If the basket return is positive, the payout at maturity will be par plus 1.5 times the basket gain. Investors will receive par if the basket declines by up to 30% and will lose 1% for each 1% decline if the basket falls below the 70% barrier level.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | SuperTrack notes
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Underlying basket: | iShares MSCI EAFE ETF (60% weight) and iShares MSCI Emerging Markets ETF (40% weight)
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Amount: | $131,000
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Maturity: | June 3, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If basket return is positive, par plus 1.5 times basket gain; par if basket declines by up to 30%; 1% loss for each 1% decline if basket falls by more than 30%
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Initial prices: | $66.06 for EAFE, $41.20 for EM
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Pricing date: | May 31
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Settlement date: | June 5
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Agent: | Barclays
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Fees: | 0.75%
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Cusip: | 06741VTN2
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