Published on 7/11/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $2.2 million buffered SuperTrack notes on iShares EAFE
By Wendy Van Sickle
Columbus, Ohio, July 11 – Barclays Bank plc priced $2.2 million of 0% buffered SuperTrack notes due June 12, 2019 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 gain in the fund, subject to a maximum return of 18.25%.
Investors will receive par if the fund falls by up to 20% and will lose 1.25% for each 1% decline beyond 20%.
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: | $2.2 million
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Maturity: | June 12, 2019
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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 18.25%; par if fund falls by up to 20%; 1.25% loss for each 1% drop beyond 20%
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Initial price: | $64.83
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Pricing date: | July 7
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Settlement date: | July 12
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Agent: | Barclays
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Fees: | None
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Cusip: | 06744CBL4
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