Published on 11/18/2019 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.6 million buffered SuperTrack notes on iShares MSCI Emerging Markets
By Wendy Van Sickle
Columbus, Ohio, Nov. 18 – Barclays Bank plc priced $1.6 million of 0% buffered SuperTrack notes due Jan. 21, 2021 linked to the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any ETF gain, capped at par plus 16.8%.
Investors will receive par if the ETF falls by up to 10% and will be full exposed to any decline of the ETF beyond 10%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered SuperTrack notes
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| Underlying ETF: | iShares MSCI Emerging Markets ETF
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| Amount: | $1.6 million
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| Maturity: | Jan. 21, 2021
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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 par plus 16.8%; par if ETF falls by up to 10%; exposure to losses beyond 10%
|
| Initial ETF level: | $43.37
|
| Buffer level: | $39.03, 90% of initial level
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| Pricing date: | Nov. 11
|
| Settlement date: | Nov. 14
|
| Agent: | Barclays
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| Fees: | 0%
|
| Cusip: | 06747NR48
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