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Published on 11/1/2020 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $1.08 million leveraged upside participation market-linked notes on Dow

By Taylor Fox

New York, Nov. 2 – Barclays Bank plc priced $1.08 million of 0% market-linked securities with leveraged upside participation and contingent downside due Oct. 2, 2026 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 113% times any gain in the index.

If the index falls by up to 30%, the payout will be par.

Otherwise, investors will lose 1% for every 1% decline of the index.

Wells Fargo Securities, LLC and Barclays Capital Inc. are the agents.

Issuer:Barclays Bank plc.
Issue:Market-linked securities with leveraged upside participation and contingent downside
Underlying index:Dow Jones industrial average
Amount:$1,075,000
Maturity:Oct. 2, 2026
Coupon:0%
Price:Par
Payout at maturity:Par plus 113% times any gain in index; if index falls by up to 30%, par; otherwise, 1% loss for every 1% decline of index
Initial level:27,452.66
Buffer level:19,216.862, 70% of initial level
Pricing date:Sept. 29
Settlement date:Oct. 2
Agent:Barclays Capital Inc. and Wells Fargo Securities LLC
Fees:3.79%
Cusip:06747QHB6

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