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Published on 12/27/2019 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $1.15 million buffered SuperTrack notes linked to S&P 500, Dow

By Kiku Steinfeld

Chicago, Dec. 27 – Barclays Bank plc priced $1.15 million of 0% buffered SuperTrack notes due Dec. 16, 2024 linked 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 1.26 times any gain in the lesser performing index.

If either index falls by up to 25%, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline of the lesser performing index beyond 25%.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Buffered SuperTrack notes
Underlying index:S&P 500, Dow Jones industrial average
Amount:$1,152,000
Maturity:Dec. 16, 2024
Coupon:0%
Price:Par
Payout at maturity:Par plus 1.26 times any gain in the lesser performing index; par if either index falls by up to 25%; otherwise, 1% loss for each 1% drop of the lesser performing index beyond 25%
Initial levels:3,141.63 for S&P, 27,911.30 for Dow
Buffer levels:2,356.22 for S&P, 20,933.48 for Dow, 75% of initial levels
Pricing date:Dec. 11
Settlement date:Dec. 16
Agent:Barclays
Fees:1.125%
Cusip:06747NVU5

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