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Published on 9/2/2020 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $621,000 buffered SuperTrack notes linked to the Dow

By Marisa Wong

Los Angeles, Sept. 2 – Barclays Bank plc priced $621,000 of 0% buffered SuperTrack notes due Aug. 29, 2025 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its initial level, the payout at maturity will be par plus the index return, capped at par plus 35%.

If the index declines up to 20%, investors will receive par. Otherwise, investors will lose 1% for each 1% decline beyond the 20% buffer.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Buffered SuperTrack notes
Underlying index:Dow Jones industrial average
Amount:$621,000
Maturity:Aug. 29, 2025
Coupon:0%
Price:Par
Payout at maturity:Par plus any index gain, capped at par plus 35%; par if index declines by up to 20%; otherwise, 1% loss for each 1% decline beyond 20%
Initial level:28,331.92
Buffer level:22,665.54, 80% of initial level
Pricing date:Aug. 26
Settlement date:Aug. 31
Agent:Barclays
Fees:3.36%
Cusip:06747QD38

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