Published on 2/11/2020 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $2.31 million barrier SuperTrack notes on ETFs
By Wendy Van Sickle
Columbus, Ohio, Feb. 11 – Barclays Bank plc priced $2.31 million of 0% SuperTrack notes due Feb. 5, 2025 linked to the iShares MSCI Emerging Markets ETF and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If each ETF finishes at or above its initial level, the payout at maturity will be par plus 2.7 times the gain of the worse performing ETF.
If either ETF falls by up to 30%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline of the worse performing ETF.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered SuperTrack notes
|
| Underlying ETFs: | iShares MSCI Emerging Markets ETF and iShares MSCI EAFE ETF
|
| Amount: | $2,306,000
|
| Maturity: | Feb. 5, 2025
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each ETF gains, par plus 2.7 times return of worse performing ETF; par if either ETF falls by up to 30%; otherwise, 1% loss per 1% decline of worse performing ETF
|
| Initial levels: | $42.11 for Emerging Markets, $67.48 for EAFE
|
| Barrier level: | $29.48 for Emerging Markets, $42.74 for EAFE, 70% of initial levels
|
| Pricing date: | Jan. 31
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| Settlement date: | Feb. 5
|
| Agent: | Barclays
|
| Fees: | 0%
|
| Cusip: | 06747NZX5
|
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