Published on 4/3/2020 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $9.79 million buffered SuperTrack notes tied to EAFE ETF
By Wendy Van Sickle
Columbus, Ohio, April 3 – Barclays Bank plc priced $9.79 million of 0% buffered SuperTrack notes due April 3, 2024 linked to the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.6555 times any ETF gain.
If the ETF falls by up to 20%, the payout will be par.
Otherwise, investors will lose 1.25% for every 1% decline beyond 20%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered SuperTrack notes
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Underlying ETF: | iShares MSCI EAFE ETF
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Amount: | $9,792,000
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Maturity: | April 3, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.6555 times any ETF gain; par if ETF falls by up to 20%; otherwise, 1.25% loss for every 1% decline beyond 20%
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Initial ETF level: | $53.46
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Buffer level: | $42.77, 80% of initial level
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Pricing date: | March 31
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Settlement date: | April 3
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Agent: | Barclays
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Fees: | 0%
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Cusip: | 06747PJY6
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