Published on 1/10/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.23 million buffered SuperTrack notes on iShares EM
By Marisa Wong
Morgantown, W.Va., Jan. 10 – Barclays Bank plc priced $1.23 million of 0% buffered SuperTrack notes due Jan. 12, 2022 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.25 times any gain in the fund, subject to a maximum return of 47%.
Investors will receive par if the fund falls by up to 20% and will lose 1% for each 1% decline beyond 20%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered SuperTrack notes
|
| Underlying fund: | iShares MSCI Emerging Markets ETF
|
| Amount: | $1,225,000
|
| Maturity: | Jan. 12, 2022
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.25 times any fund gain, return capped at 47%; par if fund falls by up to 20%; 1% loss for each 1% drop beyond 20%
|
| Initial price: | $49.13
|
| Pricing date: | Jan. 8
|
| Settlement date: | Jan. 11
|
| Agent: | Barclays
|
| Fees: | 0.5%
|
| Cusip: | 06744CRT0
|
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