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Published on 1/7/2020 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $1.06 million leveraged market-linked notes on the Dow

By Sarah Lizee

Olympia, Wash., Jan. 7 – Barclays Bank plc priced $1.06 million of 0% market-linked notes with leveraged upside participation and contingent downside due Jan. 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 130% times any index gain.

Investors will receive par if the index finishes flat or falls by up to 40% and lose 1% for each 1% decline if the index falls beyond 40%.

Wells Fargo Securities, LLC and Barclays are the agents.

Issuer:Barclays Bank plc
Issue:Market-linked notes with leveraged upside participation and contingent downside
Underlying index:Dow Jones industrial average
Amount:$1,061,000
Maturity:Jan. 2, 2026
Coupon:0%
Price:Par
Payout at maturity:Par plus 1.3 times any index gain; par if index falls by up to 40%; full exposure to decline otherwise
Initial price:28,645.26
Threshold price:17,187.156, 60% of initial price
Pricing date:Dec. 27
Settlement date:Jan. 2
Agents:Wells Fargo Securities, LLC and Barclays
Fees:3.9%
Cusip:06747NU93

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