E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 4/2/2014 in the Prospect News Structured Products Daily.

Barclays to price Super Track notes linked to iShares MSCI EAFE

By Angela McDaniels

Tacoma, Wash., April 2 - Barclays Bank plc plans to price 0% Super Track notes due April 9, 2019 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the final share price is greater than the initial share price, the payout at maturity will be par plus at least 1.4 times the ETF return. The exact upside participation rate will be set at pricing.

If the final share price is less than or equal to the initial share price but greater than or equal to the barrier price, 70% of the initial share price, the payout will be par.

If the final share price is less than the barrier price, investors will be fully exposed to the ETF's decline from its initial share price.

Barclays is the agent.

The notes will price April 4 and settle April 9.

The Cusip number is 06741UBR4.


© 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.