Published on 12/6/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $1.51 million SuperTrack notes tied to iShares MSCI ACWI
By Susanna Moon
Chicago, Dec. 6 – Barclays Bank plc priced $1.51 million of 0% SuperTrack notes due Nov. 20, 2023 linked to the iShares MSCI ACWI ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 2.4 times any fund gain, up to a maximum return of 75%.
Investors will receive par if the fund falls by up to 30% and will be fully exposed to any losses if the index falls beyond the 70% barrier.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | SuperTrack notes
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Underlying asset: | iShares MSCI ACWI ETF
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Amount: | $1.51 million
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Maturity: | Nov. 20, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 240% of any fund gain, capped at 75%; if fund falls by up to 30%, par; otherwise, 1% loss per 1% decline
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Initial level: | $69.50
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Barrier level: | $48.65, 70% of initial level
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Pricing date: | Nov. 15
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Settlement date: | Nov. 20
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Agent: | Barclays
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Fees: | 0.75%
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Cusip: | 06746XYR8
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