Published on 11/28/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $26.13 million buffered SuperTrack notes on ETF basket
By Marisa Wong
Morgantown, W.Va., Nov. 28 – Barclays Bank plc priced $26.13 million of 0% buffered SuperTrack notes due Nov. 25, 2019 linked to a basket of exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the SPDR S&P 500 ETF with a 75% weight and the iShares MSCI Emerging Markets ETF with a 25% weight.
If the basket return is positive, the payout at maturity will be par plus 1.5 times the basket return, subject to a maximum return of 22.5%. Investors will receive par if the basket falls by up to 10% and will lose 1% for each 1% that the basket may decline beyond 10%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered SuperTrack notes
|
| Underlying basket: | SPDR S&P 500 ETF with a 75% weight and iShares MSCI Emerging Markets ETF with a 25% weight
|
| Amount: | $26,128,000
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| Maturity: | Nov. 25, 2019
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 1.5 times any basket gain, subject to 22.5% maximum return; par if basket falls by up to 10%; 1% loss for each 1% that basket declines beyond 10%
|
| Pricing date: | Nov. 17
|
| Settlement date: | Nov. 27
|
| Agent: | Barclays
|
| Fees: | 0.2%
|
| Cusip: | 06744CLW9
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