Published on 9/30/2019 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.04 million buffered SuperTrack notes linked to the MSCI EAFE
By Kiku Steinfeld
Chicago, Sept. 30 – Barclays Bank plc priced $1.04 million of 0% buffered SuperTrack notes due Aug. 30, 2024 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.5 times the return.
Investors will receive par if the index declines by up to 20% and will lose 1% for each 1% that the index declines beyond the buffer.
Barclays is the agent.
| Issuer: | Barclays Bank plc
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| Issue: | Buffered SuperTrack notes
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| Underlying index: | MSCI EAFE index
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| Amount: | $1,042,000
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| Maturity: | Aug. 30, 2024
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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 index gain; par if the index falls by up to 20%; exposure to any declines beyond 20%
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| Initial level: | 1,825.71
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| Pricing date: | Aug. 27
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| Settlement date: | Aug. 30
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| Agent: | Barclays
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| Fees: | 3.5%
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| Cusip: | 06747NBK9
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