Published on 2/3/2016 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $6.35 million buffered SuperTrack notes linked to iShares MSCI EM ETF
By Wendy Van Sickle
Columbus, Ohio, Feb. 3 – Barclays Bank plc priced $6.35 million of 0% buffered SuperTrack notes due Feb. 3, 2020 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.1 times the fund gain.
Investors will receive par if the fund falls by up to 30% and will lose 1.42857% for every 1% loss beyond the buffer.
Barclays is the agent.
Issuer: | Barclays Bank plc
|
Issue: | Buffered SuperTrack notes
|
Underlying fund: | iShares MSCI Emerging Markets exchange-traded fund
|
Amount: | $6,347,000
|
Maturity: | Feb. 3, 2020
|
Coupon: | 0%
|
Price: | Par of $1,000
|
Payout at maturity: | Par plus 110% of any fund gain; par if the fund falls by up to 30%; 1.42857% loss for every 1% loss beyond 30%
|
Initial price: | $30.58
|
Pricing date: | Jan. 29
|
Settlement date: | Feb. 3
|
Agent: | Barclays
|
Fees: | None
|
Cusip: | 06741U3P7
|
|
© 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.