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Published on 8/2/2020 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $185,000 buffered SuperTrack notes linked to S&P, Dow

By Kiku Steinfeld

Chicago, Aug. 3 – Barclays Bank plc priced $185,000 of 0% buffered SuperTrack notes due July 29, 2026 linked to the lesser performing of the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the lesser-performing index is positive, the payout at maturity will be par plus 1.05 times the return of that index. If the lesser-performing index declines by 20% or less, the payout will be par. Investors will lose 1% for each 1% that the lesser-performing index declines beyond 20%.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Buffered SuperTrack notes
Underlying indexes:S&P 500 and Dow Jones industrial average
Amount:$185,000
Maturity:July 29, 2026
Coupon:0%
Price:Par
Payout at maturity:Par plus 1.05 times any gain in lesser-performing index; par if lesser-performing index falls by no more than 20%; otherwise, 1% loss for every 1% that lesser-performing index declines beyond 20%
Initial level:3,215.63 for S&P, 26,469.89 for Dow
Buffer levels:2,572.50 for S&P, 21,175.91 for Dow; 80% of initial levels
Pricing date:July 24
Settlement date:July 29
Agent:Barclays
Fees:4.15%
Cusip:06747QA23

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