Published on 12/12/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $2.21 million buffered SuperTrack notes tied to basket
By Susanna Moon
Chicago, Dec. 12 – Barclays Bank plc priced $2.21 million of 0% buffered SuperTrack notes due Nov. 28, 2022 linked to a basket of two indexes and an exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 50% weight, the Russell 2000 index with a 20% weight and the iShares MSCI EAFE ETF with a 30% weight.
The payout at maturity will be par plus 1.07 times any basket gain.
Investors will receive par if the basket falls by up to 25% and will be exposed to any losses beyond the buffer.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered SuperTrack notes
|
| Underlying basket: | Russell 2000 index (50% weight), S&P 500 index (20% weight), iShares MSCI EAFE ETF (30% weight)
|
| Amount: | $2,208,000
|
| Maturity: | Nov. 28, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.07 times any basket gain; par if basket falls by up to 25%; 1% loss per 1% decline beyond 25%
|
| Initial levels: | 1,516.76 for Russell, 2,597.08 for S&P, $69.77 for fund
|
| Pricing date: | Nov. 22
|
| Settlement date: | Nov. 28
|
| Agent: | Barclays
|
| Fees: | 2.5%
|
| Cusip: | 06744CM32
|
|
|
|
|
© 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.
