Published on 12/12/2019 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $992,000 buffered Super Track notes linked to EAFE ETF
By Kiku Steinfeld
Chicago, Dec. 12 – Barclays Bank plc priced $992,000 of 0% buffered Super Track notes due Nov. 29, 2024 linked to the iShares MSCI EAFE exchange-traded fund, according to a 433B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any gain in the index.
If the index falls by up to 33%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline beyond 33%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered Super Track notes
|
| Underlying index: | iShares MSCI EAFE ETF
|
| Amount: | $992,000
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| Maturity: | Nov. 29, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain; par if index falls by up to 33%; otherwise, 1% loss for each 1% drop beyond 33%
|
| Initial level: | $68.52
|
| Buffer level: | $45.91, 67% of initial level
|
| Pricing date: | Nov. 25
|
| Settlement date: | Nov. 29
|
| Agent: | Barclays
|
| Fees: | 4.125%
|
| Cusip: | 06747NMV3
|
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