Published on 4/6/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $4.21 million leveraged market-linked notes tied to ETF
By Wendy Van Sickle
Columbus, Ohio, April 6 – Barclays Bank plc priced $4.21 million of 0% market-linked notes with leveraged upside participation to a cap and fixed percentage buffered downside due April 4, 2022 linked to the iShares MSCI Emerging Markets ETF, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% times any ETF gain, up to a maximum return of 46%.
Investors will receive par if the ETF finishes falls by up to 15% and lose 1% for each 1% decline beyond 15%.
Wells Fargo Securities, LLC and Barclays are the agents.
Issuer: | Barclays Bank plc
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Issue: | Market-linked notes with leveraged upside participation to a cap and fixed percentage buffered downside
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Underlying ETF: | iShares MSCI Emerging Markets ETF
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Amount: | $4,212,000
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Maturity: | April 4, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times any ETF gain, capped at 46%; par if ETF falls by up to 15%; 1% loss for every 1% drop beyond 15%
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Initial level: | $48.28
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Pricing date: | March 29
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Settlement date: | April 4
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Agents: | Wells Fargo Securities, LLC and Barclays
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Fees: | 3.84%
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Cusip: | 06744CVB4
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