Published on 7/8/2020 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $500,000 SuperTrack notes on real estate ETF
By Wendy Van Sickle
Columbus, Ohio, July 8 – Barclays Bank plc priced $500,000 of 0% SuperTrack notes due June 30, 2022 linked to the iShares U.S. Real Estate exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus two times any gain in the ETF, capped at par plus 43%.
Investors will lose 1% for every 1% decline.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | SuperTrack notes
|
| Underlying ETF: | iShares U.S. Real Estate
|
| Amount: | $500,000
|
| Maturity: | June 30, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus two times any ETF gain, capped at par plus 43%; 1% loss for every 1% decline
|
| Initial ETF level: | $76.49
|
| Pricing date: | June 26
|
| Settlement date: | July 1
|
| Agent: | Barclays
|
| Fees: | 2.25%
|
| Cusip: | 06747Q3U9
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
