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Published on 12/12/2019 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $1.44 million buffered Super Track notes linked to Dow Jones

By Kiku Steinfeld

Chicago, Dec. 12 – Barclays Bank plc priced $1.44 million of 0% buffered Super Track notes due Nov. 29, 2024 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 any gain in the index.

If the index falls by up to 24%, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline beyond 24%.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Buffered Super Track notes
Underlying index:Dow Jones industrial average
Amount:$1,437,000
Maturity:Nov. 29, 2024
Coupon:0%
Price:Par
Payout at maturity:Par plus any index gain; par if index falls by up to 24%; otherwise, 1% loss for each 1% drop beyond 24%
Initial level:28,066.47
Buffer level:21,330.52, 76% of initial level
Pricing date:Nov. 25
Settlement date:Nov. 29
Agent:Barclays
Fees:4.125%
Cusip:06747NMW1

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