E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
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
Issue:Buffered SuperTrack notes
Underlying fund:iShares MSCI EAFE ETF
Amount:$2.2 million
Maturity:June 12, 2019
Coupon:0%
Price:Par
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%
Initial price:$64.83
Pricing date:July 7
Settlement date:July 12
Agent:Barclays
Fees:None
Cusip:06744CBL4

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.