Published on 10/12/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $836,000 SuperTrack notes tied to iShares MSCI EAFE
By Wendy Van Sickle
Columbus, Ohio, Oct. 12 – Barclays Bank plc priced $836,000 of 0% SuperTrack notes due Oct. 8, 2025 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 1.8 times any gain in the fund.
If the fund falls by up to 50%, the payout will be par.
Otherwise, investors will lose 1% for each 1% fund decline below the initial price.
Barclays is the agent.
Issuer: | Barclays Bank plc
|
Issue: | SuperTrack notes
|
Underlying fund: | iShares MSCI EAFE ETF
|
Amount: | $836,000
|
Maturity: | Oct. 8, 2025
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 1.8 times any fund gain; par if index falls by up to 50%; 1% loss for each 1% decline below initial price
|
Initial price: | $68.65
|
Barrier price: | $34.33, 50% of initial price
|
Pricing date: | Oct. 4
|
Settlement date: | Oct. 10
|
Agent: | Barclays
|
Fees: | None
|
Cusip: | 06744CA84
|
|
© 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.