Published on 3/28/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $771,000 buffered SuperTrack notes on index, ETF basket
By Wendy Van Sickle
Columbus, Ohio, March 28 – Barclays Bank plc priced $771,000 of 0% buffered SuperTrack notes due Sept. 27, 2019 linked to an equally weighted basket of the Russell 2000 index and the iShares MSCI EAFE exchange traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the basket return is positive, the payout at maturity will be par plus 1.05 times the basket gain. Investors will receive par if the basket declines by up to 15% and will lose 1% for each 1% decline beyond 15%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
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| Issue: | Buffered SuperTrack notes
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| Underlying basket: | Russell 2000 index and iShares MSCI EAFE exchange traded fund, equally weighted
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| Amount: | $771,000
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| Maturity: | Sept. 27, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the basket return is positive, par plus 1.05 times basket gain; par if the basket declines by up to 15%; 1% loss for each 1% decline beyond 15%
|
| Initial levels: | 1,354.64 for index, $62.14 for ETF
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| Pricing date: | March 24
|
| Settlement date: | March 29
|
| Agent: | Barclays
|
| Fees: | 0.25%
|
| Cusip: | 06741VPZ9
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