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Published on 8/10/2020 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $988,000 buffered SuperTrack notes tied to Euro Stoxx 50

By Kiku Steinfeld

Chicago, Aug. 10 – Barclays Bank plc priced $988,000 of 0% buffered SuperTrack notes due July 31, 2025 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its initial level, the payout at maturity will be par plus 1.2 times the index return.

If the index declines up to 20%, investors will receive par. Otherwise, investors will lose 1% for each 1% decline beyond the 20% buffer.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Buffered SuperTrack notes
Underlying index:Euro Stoxx 50
Amount:$988,000
Maturity:July 31, 2025
Coupon:0%
Price:Par
Payout at maturity:Par plus 1.2 times any index gain; par if index declines by up to 20%; otherwise, 1% loss for each 1% decline beyond 20%
Initial level:3,303.56
Buffer level:2,642.85, 80% of initial level
Pricing date:July 28
Settlement date:July 31
Agent:Barclays
Fees:3.32%
Cusip:06747Q5C7

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