Published on 10/23/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $280,000 SuperTrack notes on index, fund basket
By Susanna Moon
Chicago, Oct. 23 – Barclays Bank plc priced $280,000 of 0% SuperTrack notes due Oct. 4, 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 1.43 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: | $280,000
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| Maturity: | Oct. 4, 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 1.43 times return; if basket falls by up to 40%, par; otherwise, 1% loss per 1% decline
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| Initial levels: | 2,913.98 for S&P, 1,696.57 for Russell, 3,399.20 for Stoxx and $42.92 for EM fund
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| Barrier levels: | 60% of initial levels
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| Pricing date: | Sept. 28
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| Settlement date: | Oct. 3
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| Agent: | Barclays
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| Fees: | 0.875%
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| Cusip: | 06746XNQ2
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