Published on 2/28/2014 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $20.33 million buffered SuperTrack notes linked to indexes, ETFs
By Angela McDaniels
Tacoma, Wash., Feb. 28 - Barclays Bank plc priced $20.33 million of 0% buffered SuperTrack notes due March 1, 2018 linked to a basket of indexes and exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 70% weight, the iShares MSCI EAFE index fund with a 15% weight, the S&P MidCap 400 index with an 8% weight, the iShares MSCI Emerging Markets ETF with a 4% weight and the Russell 2000 index with a 3% weight.
If the final basket level is greater than the initial basket level, the payout at maturity will be par plus the basket return.
If the final basket level is less than or equal to the initial basket level but greater than or equal to the threshold level, 80% of the initial level, the payout will be par.
If the final basket level is less than the threshold level, investors will lose 1% for every 1% that the basket declines beyond 20%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered SuperTrack notes
|
| Underlying basket: | S&P 500 index (70% weight), iShares MSCI EAFE index fund (15% weight), S&P MidCap 400 index (8% weight), iShares MSCI Emerging Markets ETF (4% weight) and Russell 2000 index (3% weight)
|
| Amount: | $20,327,000
|
| Maturity: | March 1, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final basket level is greater than initial basket level, be par plus basket return; if final basket level is less than or equal to initial basket level but greater than or equal to threshold level, par; if final basket level is less than threshold level, 1% loss for every 1% that basket declines beyond 20%
|
| Initial levels: | 1,845.16 for S&P 500; $67.16 for iSharse MSCI EAFE; 1,367.69 for S&P MidCap 400; $39.01 for iShares EM; 1,181.72 for Russell 2000
|
| Threshold level: | 80% of initial basket level
|
| Pricing date: | Feb. 26
|
| Settlement date: | March 3
|
| Agent: | Barclays
|
| Fees: | None
|
| Cusip: | 06741T5N3
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
