For Co2Fe6B2–MgO based p-MTJ spin valves with [Co/Pt]n–SyAF layers ex situ annealed at 350 °C and 30 kOe for 30 min, the tunneling magneto-resistance (TMR) ratio strongly depended on the radio-frequency (RF) sputtering power in a 0.65–1.15 nm thick MgO tunneling barrier, achieving a TMR ratio of 168% at 300 W.