Published on 5/4/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $275,000 SuperTrack notes tied to ETF basket
By Wendy Van Sickle
Columbus, Ohio, May 4 – Barclays Bank plc priced $275,000 of 0% SuperTrack notes due May 3, 2022 linked to a basket of exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the iShares MSCI EAFE ETF with a 60% weight and the iShares MSCI Emerging Markets ETF with a 40% weight.
If the basket return is positive, the payout at maturity will be par plus 1.5 times the basket gain. Investors will receive par if the basket declines by up to 30% and will be fully exposed to the decline if the basket falls below the 70% barrier level.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | SuperTrack notes
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Underlying basket: | iShares MSCI EAFE ETF (60% weight) and iShares MSCI Emerging Markets ETF (40% weight)
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Amount: | $275,000
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Maturity: | May 3, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the basket return is positive, par plus 1.5 times basket gain; par if the basket declines by up to 30%; full exposure to decline if basket falls by more than 30%
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Initial prices: | $63.80 for EAFE, $40.06 for EM
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Pricing date: | April 28
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Settlement date: | May 3
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Agent: | Barclays
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Fees: | 0.75%
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Cusip: | 06741VQL9
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