Published on 7/10/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $2.01 million buffered SuperTrack notes linked to ETFs
By Angela McDaniels
Tacoma, Wash., July 10 – Barclays Bank plc priced $2.01 million of 0% buffered SuperTrack notes due July 11, 2019 linked to a basket of exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the SPDR S&P 500 exchange-traded fund with a 48% weight, the SPDR S&P MidCap 400 ETF trust with a 16% weight, the iShares MSCI EAFE exchange-traded fund with a 16% weight, the iShares Russell 2000 exchange-traded fund with a 10% weight, the iShares MSCI Emerging Markets exchange-traded fund with a 7% weight and the iShares MSCI EAFE Small-Cap exchange-traded fund with a 3% weight.
If the basket return is positive, the payout at maturity will be par plus two times the basket return, subject to a maximum return of 17.1%. Investors will receive par if the basket falls by up to 10% and will lose 1% for each 1% that the basket may decline beyond 10%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered SuperTrack notes
|
| Underlying ETFs: SPDR S&P 500 ETF (48% weight), SPDR S&P MidCap 400 ETF trust (16% weight), iShares MSCI EAFE ETF (16% weight), iShares Russell 2000 ETF (10% weight), iShares MSCI Emerging Markets ETF (7% weight) and iShares MSCI EAFE Small-Cap ETF (3% weight)
|
| Amount: | $2,005,000
|
| Maturity: | July 11, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus two times any basket gain, subject to 17.1% maximum return; par if basket falls by up to 10%; 1% loss for each 1% that basket declines beyond 10%
|
| Pricing date: | July 6
|
| Settlement date: | July 11
|
| Agent: | Barclays
|
| Fees: | None
|
| Cusip: | 06741VZ62
|
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