Published on 4/25/2021 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $1.2 million buffered SuperTrack notes on MSCI EAFE
By Marisa Wong
Los Angeles, April 26 – Barclays Bank plc priced $1.2 million of 0% buffered SuperTrack notes due Sept. 9, 2022 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 1.5 times the index return, capped at par plus 16.4%.
If the index falls by up to 10%, the payout will be par. Otherwise, investors will lose 1% for every 1% index decline beyond 10%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered SuperTrack notes
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Underlying index: | MSCI EAFE index
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Amount: | $1.2 million
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Maturity: | Sept. 9, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times any index gain, capped at par plus 16.4%; par if index falls by up to 10%; otherwise, 1% loss for every 1% index decline beyond 10% buffer
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Initial level: | 2,185.44
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Buffer level: | 1,966.90, 90% of initial level
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Pricing date: | March 4
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Settlement date: | March 9
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Agent: | Barclays
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Fees: | None
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Cusip: | 06748EDS9
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