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Published on 7/24/2020 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $2 million buffered SuperTrack notes tied to indexes

By Kiku Steinfeld

Chicago, July 24 – Barclays Bank plc priced $2 million of 0% buffered SuperTrack notes due Jan. 26, 2022 linked to the lesser performing of the Russell 2000 index, the Nasdaq-100 index, the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any gain of the worse performing index up to a maximum return of 27%.

If any index falls by up to 20%, the payout will be par.

Otherwise, investors will receive par plus the return of the worse performing index plus 20%.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Buffered SuperTrack notes
Underlying indexes:Russell 2000 index, Nasdaq-100 index, Dow Jones industrial average and S&P 500 index
Amount:$2,000,000
Maturity:Jan. 26, 2022
Coupon:0%
Price:Par
Payout at maturity:Par plus any gain of the worse performing index up to a maximum return of 27%; par if any index falls by up to 20%; otherwise, par plus return of worse performing index plus 20%
Initial levels:26,840.40 for Dow, 1,487.51 for Russell, 10,833.07 for Nasdaq, 3,257.30 for S&P
Buffer levels:21,472.32 for Dow, 1,190.01 for Russell, 8,666.46 for Nasdaq, 2,605.84 for S&P; 80% of initial levels
Pricing date:July 21
Settlement date:July 24
Agent:Barclays
Fees:0.5%
Cusip:06747QB97

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