Published on 6/8/2018 in the Prospect News Structured Products Daily.
New Issue: IFC prices $28.33 million one-year Accelerated Return Notes on MSCI EM
By Susanna Moon
Chicago, June 8 – International Finance Corp. priced $28.33 million of 0% Accelerated Return Notes due July 26, 2019 linked to the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 16.11%.
Investors will be exposed to any losses.
BofA Merrill Lynch is the underwriter.
| Issuer: | International Finance Corp.
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| Issue: | Accelerated Return Notes
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| Underlying index: | MSCI Emerging Markets
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| Amount: | $28,326,070
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| Maturity: | July 26, 2019
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 300% of any index gain, capped at 16.11%; exposure to any losses
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| Initial index level: | 1,135.06
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| Pricing date: | May 24
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| Settlement date: | June 1
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| Underwriter: | BofA Merrill Lynch
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| Fees: | 2%
|
| Cusip: | 45950K878
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