Published on 1/29/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $564,000 SuperTrack notes linked to iShares MSCI EAFE
By Marisa Wong
Morgantown, W.Va., Jan. 29 – Barclays Bank plc priced $564,000 of 0% SuperTrack notes due Jan. 26, 2023 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 1.33 times any gain in the ETF.
If the ETF falls by up to 50%, the payout will be par.
If the ETF falls by more than 50%, investors will lose 1% for every 1% decline below the initial level.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | SuperTrack notes
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| Underlying ETF: | iShares MSCI EAFE ETF
|
| Amount: | $564,000
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| Maturity: | Jan. 26, 2023
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| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par plus 1.33 times any ETF gain; par if ETF falls by up to 50%; otherwise, 1% loss for every 1% decline below initial level
|
| Initial price: | $74.51
|
| Barrier level: | $37.26, 50% of initial price
|
| Pricing date: | Jan. 23
|
| Settlement date: | Jan. 26
|
| Agent: | Barclays
|
| Fees: | None
|
| Cusip: | 06744CTG6
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