New Issue: Barclays prices $1.25 million buffered Super Track notes linked to iShares MSCI EM

By Toni Weeks

San Diego, Aug. 6 - Barclays Bank plc priced $1.25 million of 0% buffered Super Track notes due Aug. 7, 2014 linked to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund return is positive, the payout at maturity will be par plus double the fund return, subject to a maximum return of 26%.

Investors will receive par if the fund falls by up to 15% and will lose 1% for every 1% decline beyond the 15% buffer.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Buffered Super Track notes
Underlying fund:	iShares MSCI Emerging Markets index fund
Amount:	$1.25 million
Maturity:	Aug. 7, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If fund return is positive, par plus 200% of fund return, capped at 26%; par if fund declines by up to 15%; 1% loss for every 1% decline beyond the 15% buffer
Initial price:	$38.73
Pricing date:	Aug. 2
Settlement date:	Aug. 7
Agent:	Barclays
Fees:	None
Cusip:	06741TCZ8

© 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.