Published on 4/12/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $579,000 SuperTrack notes tied to iShares MSCI EAFE, EM
By Wendy Van Sickle
Columbus, Ohio, April 12 – Barclays Bank plc priced $579,000 of 0% SuperTrack notes due April 12, 2023 linked to the iShares MSCI Emerging Markets ETF and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If each fund finishes at or above its initial level, the payout at maturity will be par plus 1.83 times the gain of the worse performing fund.
If either fund falls by up to its 50% barrier level, the payout at maturity will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse performing fund.
Barclays is the agent.
| Issuer: | Barclays Bank plc
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| Issue: | SuperTrack notes
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| Underlying funds: | iShares MSCI Emerging Markets ETF and iShares MSCI EAFE ETF
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| Amount: | $579,000
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| Maturity: | April 12, 2023
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If each fund gains, par plus 1.83 times return of worse performing fund; if either fund falls by up to 50%, par; otherwise, 1% loss per 1% decline of worse performing fund
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| Initial levels: | $47.08 for EM fund, $69.40 for EAFE fund
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| Barrier levels: | $23.54 for EM fund, $34.70 for EAFE fund, 50% of initial levels
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| Pricing date: | April 6
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| Settlement date: | April 11
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| Agent: | Barclays
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| Fees: | 1.125%
|
| Cusip: | 06746X2Y8
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