Barclays Bank Portugal is aiming to raise €100m for the second tranche of its 5-Year Commodities vs EUR Inflation Note, following the closing of the offer period of the first tranche, which had a sales target of €64m.
The Barclays 5-Year Commodities vs EUR Inflation Note 2, which fully replicates the previous tranche, is an income strategy linked to the performance of the inflation rate Eurozone HICP ex-Tobacco and a basket of Goldman Sachs proprietary commodity indices comprising S&P GSCI Crude Oil ER, S&P GSCI Agriculture ER and the S&P GSCI Industrial Metals ER.
The product is based on a dispersion option through which, if at any of the annual observation dates the performance of the underlying basket of commodity indices is higher or equal to the Eurozone HICP ex-Tobacco rate, the product pays a 6.6% coupon for that year. Otherwise, no coupon is paid. At maturity, the product guarantees in full investors' initial investment plus, if the previous condition is met, the last possible coupon.
The guarantee of the product is provided by Citi, which has an S&P rating of A+. This product can be traded in the secondary market through the Luxembourg Stock Exchange.
The Barclays 5-Year Commodities vs EUR Inflation Note 2 will be open for investors until 17 December. Minimum investment is €1,000.
This product is available now in Recent Additions (Portugal).