Published on 9/12/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $222,000 buffered SuperTrack notes on iShares EAFE
By Marisa Wong
Morgantown, W.Va., Sept. 12 – Barclays Bank plc priced $222,000 of 0% buffered SuperTrack notes due March 4, 2020 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.1 times any gain in the fund.
Investors will receive par if the fund falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered SuperTrack notes
|
| Underlying fund: | iShares MSCI EAFE ETF
|
| Amount: | $222,000
|
| Maturity: | March 4, 2020
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 1.1 times any fund gain; par if fund falls by up to 10%; 1% loss for each 1% drop beyond 10%
|
| Initial price: | $66.90
|
| Pricing date: | Aug. 31
|
| Settlement date: | Sept. 6
|
| Agent: | Barclays
|
| Fees: | 1.25%
|
| Cusip: | 06744CFK2
|
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