Published on 6/3/2019 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.53 million buffered SuperTrack notes tied to EAFE
By Sarah Lizee
Olympia, Wash., June 3 – Barclays Bank plc priced $1.53 million of 0% buffered SuperTrack notes due May 31, 2024 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any index gain.
If the index falls by up to 20%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline beyond 20%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered SuperTrack notes
|
| Underlying index: | MSCI EAFE
|
| Amount: | $1,529,000
|
| Maturity: | May 31, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any index gain; par if index falls by up to 20%; otherwise, 1% loss for every 1% decline beyond 20%
|
| Initial index level: | 1,853.45
|
| Pricing date: | May 28
|
| Settlement date: | May 31
|
| Agent: | Barclays
|
| Fees: | 3.5%
|
| Cusip: | 06747MSE7
|
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