Published on 11/26/2019 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $749,000 buffered SuperTrack notes linked to MSCI EAFE
By Kiku Steinfeld
Chicago, Nov. 26 – Barclays Bank plc priced $749,000 of 0% buffered SuperTrack notes due Nov. 5, 2024 linked to the MSCI EAFE index according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus 1.51 times the index gain.
If the index declines up to 20%, investors will receive par.
Otherwise, investors will lose 1% for each 1% decline beyond 20%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered SuperTrack notes
|
| Underlying index: | MSCI EAFE
|
| Amount: | $749,000
|
| Maturity: | Nov. 5, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus par plus 1.51 times any index gain; par if index falls by up to 20%; otherwise, 1% loss for each 1% drop beyond 20%
|
| Initial level: | 1,955.48
|
| Buffer level: | 1,564.38, 80% of initial level
|
| Pricing date: | Oct. 31
|
| Settlement date: | Nov. 5
|
| Agent: | Barclays
|
| Fees: | 2%
|
| Cusip: | 06747NPX6
|
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