Published on 5/31/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $6.16 million SuperTrack notes on index, fund basket
By Susanna Moon
Chicago, May 31 – Barclays Bank plc priced $6.16 million of 0% SuperTrack notes due May 26, 2023 linked to a basket of three indexes and an exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 40% weight, the Russell 2000 index with a 20% weight and the Euro Stoxx 50 index with a 20% weight and the iShares MSCI Emerging Markets ETF with a 20% weight.
The payout at maturity will be par plus 1.41 times any basket gain.
Investors will receive par if the basket falls by up to 40% and will be fully exposed to any losses if the basket finishes below its 60% barrier level.
Barclays is the agent.
| Issuer: | Barclays Bank plc
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| Issue: | SuperTrack notes
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| Underlying assets: | S&P 500 index (40% weight), the Russell 2000 index (20% weight) and the Euro Stoxx 50 index (20% weight) and iShares MSCI Emerging Markets ETF (20% weight)
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| Amount: | $6.16 million
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| Maturity: | May 26, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If basket gains, par plus 1.41 times return; if basket falls by up to 40%, par; otherwise, 1% loss per 1% decline
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| Initial levels: | 2,733.29 for S&P, 1,627.61 for Russell, 3,641.82 for Stoxx and $46.49 for EM fund
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| Barrier levels: | 60% of initial levels
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| Pricing date: | May 23
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| Settlement date: | May 29
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| Agent: | Barclays
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| Fees: | 0.875%
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| Cusip: | 06746XC27
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