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Published on 5/19/2020 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $73,000 buffered SuperTrack notes tied to Nasdaq-100

By Wendy Van Sickle

Columbus, Ohio, May 19 – Barclays Bank plc priced $73,000 of 0% buffered SuperTrack notes due Nov. 18, 2022 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 2 times any index gain up to a 17.75% maximum return.

If the index falls by up to 10%, the payout will be par.

Otherwise, investors will lose 1% for every 1% decline beyond 10%.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Buffered SuperTrack notes
Underlying index:Nasdaq-100 index
Amount:$73,000
Maturity:Nov. 18, 2022
Coupon:0%
Price:Par
Payout at maturity:Par plus 2 times any index gain, up to a 17.75% maximum return; par if index falls by up to 10%; otherwise, 1% loss for every 1% decline beyond 10%
Initial index level:9,152.64
Buffer level:8,237.38, 90% of initial level
Pricing date:May 15
Settlement date:May 20
Agent:Barclays
Fees:3%
Cusip:06747PS42

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