Published on 12/12/2019 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.1 million buffered Super Track notes linked to MSCI EAFE index
By Kiku Steinfeld
Chicago, Dec. 16 – Barclays Bank plc priced $1.1 million of 0% buffered Super Track notes due Nov. 24, 2029 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.43 times the index return. Investors will receive par if the index falls by up to 20% and will lose 1% for each 1% decline beyond 20%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered Super Track notes
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Underlying index: | MSCI EAFE index
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Amount: $1,102,000
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Maturity: | Nov. 24, 2029
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Coupon: 0%
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Price: | Par
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Payout at maturity: | Par plus 1.43 times any index gain; par if index falls by up to 20%; 1% loss for each 1% drop beyond 20%
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Initial share price: | 1,978.66
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Buffer level: | 1,582.93, 80% of initial level
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Pricing date: | Nov. 25
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Settlement date: | Nov. 29
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Agent: | Barclays
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Fees: | 3.55%
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Cusip: | 06747NNX8
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