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Published on 4/14/2020 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $4.43 million SuperTrack notes on S&P 500, Dow

By Wendy Van Sickle

Columbus, Ohio, April 14 – Barclays Bank plc priced $4.43 million of 0% SuperTrack notes due April 10, 2025 linked to the least performing of 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 2.22 times any gain in the lesser performing index.

Otherwise, investors will lose 1% for every 1% decline of the lesser performing index from its initial level.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:SuperTrack notes
Underlying indexes:S&P 500, Dow Jones industrial average
Amount:$4.43 million
Maturity:April 10, 2025
Coupon:0%
Price:Par of $1,000
Payout at maturity:Par plus 2.22 times any gain in the lesser performing index; 1% loss for every 1% decline of the lesser performing index from its initial level
Initial index levels:22,653.86 for Dow, 2,659.41 for S&P
Pricing date:April 7
Settlement date:April 13
Agent:Barclays
Fees:0.85%
Cusip:06747PMK2

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