Published on 9/13/2021 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.23 million buffered SuperTrack notes tied to Emerging Markets ETF
By William Gullotti
Buffalo, N.Y., Sept. 13 – Barclays Bank plc priced $1.23 million of 0% buffered SuperTrack notes due June 30, 2023 linked to the iShares MSCI Emerging Markets ETF, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any ETF gain, up to a maximum payout of par plus 17.3%.
Investors will receive par if the ETF falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered SuperTrack notes
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Underlying fund: | iShares MSCI Emerging Markets ETF
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Amount: | $1.23 million
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Maturity: | June 30, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times any ETF gain, capped at par plus 17.3%; par if the ETF falls by up to 10%; 1% loss for each 1% decline beyond 10%
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Initial level: | $55.50
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Buffer level: | $49.95; 90% 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: | 1.75%
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Cusip: | 06748EY64
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