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Published on 11/22/2020 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $635,000 buffered SuperTrack notes tied to S&P, Dow

By Taylor Fox

New York, Nov. 23 – Barclays Bank plc priced $635,000 of 0% buffered SuperTrack notes due May 18, 2028 tied to the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.2 times any gain the lesser performing index, capped at par plus 95%.

Investors will receive par if the index finishes flat or falls by 20% or less.

Otherwise, investors will lose 1% for each 1% decline beyond 20%.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Buffered SuperTrack notes
Underlying indexes:S&P 500 and Dow Jones industrial average
Amount:$635,000
Maturity:May 18, 2028
Coupon:0%
Price:Par
Payout at maturity:Par plus 1.2 times any gain of lesser performing index, capped at par plus 95%; par if lesser-performing index is flat or falls by 20% or less; 1% for each 1% decline beyond 20%
Initial levels:3,585.15 for S&P and 29,479.81 for Dow
Buffer levels:2,868.12 for S&P and 23,583.85 for Dow; or 80% of initial level
Pricing date:Nov. 13
Settlement date:Nov. 18
Agent:Barclays
Fees:3.75%
Cusip:06747QQ91

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