Published on 7/1/2020 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $87,000 buffered SuperTrack notes tied to MSCI EAFE
By Wendy Van Sickle
Columbus, Ohio, July 1 – Barclays Bank plc priced $87,000 of 0% buffered SuperTrack notes due June 30, 2025 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.05 times any index gain.
If the index falls by up to 20%, the payout will be par.
Otherwise, investors will lose 1% 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 index: | MSCI EAFE index
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Amount: | $87,000
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Maturity: | June 30, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.05 times any index gain; par if index falls by up to 20%; otherwise, 1% loss for every 1% decline beyond 20%
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Initial index level: | 1,780.69
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Buffer level: | 1,424.55, 80% of initial level
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Pricing date: | June 25
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Settlement date: | June 30
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Agent: | Barclays
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Fees: | 3.3%
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Cusip: | 06747PWK1
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