Published on 11/15/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $426,000 of SuperTrack notes tied to index, fund basket
By Susanna Moon
Chicago, Nov. 15 – Barclays Bank plc priced $426,000 of 0% SuperTrack notes due Oct. 31, 2023 linked to a basket of three 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 40% weight, the Russell 2000 index with a 20% weight and the Euro Stoxx 50 index with a 20% weight and the iShares MSCI Emerging Markets ETF with a 20% weight.
The payout at maturity will be par plus 1.4 times any basket gain.
Investors will receive par if the basket falls by up to 40% and will be fully exposed to any losses if the basket finishes below its 60% barrier level.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | SuperTrack notes
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Underlying assets: | S&P 500 index (40% weight), the Russell 2000 index (20% weight) and the Euro Stoxx 50 index (20% weight) and iShares MSCI Emerging Markets ETF (20% weight)
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Amount: | $426,000
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Maturity: | Oct. 31, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If basket gains, par plus 1.4 times return; if basket falls by up to 40%, par; otherwise, 1% loss per 1% decline
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Initial levels: | 2,711.74 for S&P, 1,511.41 for Russell, 3,197.51 for Stoxx and $39.16 for EM fund
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Barrier levels: | 60% of initial levels
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Pricing date: | Oct. 31
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Settlement date: | Nov. 5
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Agent: | Barclays
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Fees: | 1.125%
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Cusip: | 06746XSE4
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