Published on 10/20/2023 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.4 million buffered SuperTrack notes tied to iShares ETF
By William Gullotti
Buffalo, N.Y., Oct. 20 – Barclays Bank plc priced $1.4 million of 0% buffered SuperTrack notes due Oct. 28, 2024 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 any ETF gain, up to a maximum payout of par plus 17.35%.
Investors will receive par if the ETF falls by up to 15% and will lose 1% for each 1% decline beyond 15%.
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: | $1.4 million
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Maturity: | Oct. 28, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any ETF gain, capped at par plus 17.35%; par if the ETF falls by up to 15%; 1% loss for each 1% decline beyond 15%
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Initial level: | $38.14
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Buffer level: | $32.42; 85% of initial level
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Pricing date: | Oct. 16
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Settlement date: | Oct. 19
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Agent: | Barclays
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Fees: | 1%
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Cusip: | 06745NSR8
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