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Published on 8/28/2020 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $7.13 million buffered SuperTrack notes linked to Dow

By Kiku Steinfeld

Chicago, Aug. 28 – Barclays Bank plc priced $7.13 million of 0% buffered SuperTrack notes due Feb. 25, 2022 linked to the Dow Jones industrial average, according to a 424B2 filed with the Securities and Exchange Commission.

If the index return is greater than zero, the payout at maturity will be par plus the index return, capped at 16% If the index return is flat or negative but the index declines by no more than the 15% buffer, the payout will be par.

Investors will be exposed to losses beyond the buffer.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:SuperTrack notes
Underlying index:Dow Jones industrial average
Amount:$7,129,000
Maturity:Feb. 25, 2022
Coupon:0%
Price:Par
Payout at maturity:Par plus any index gain, capped at 16%; par if index falls by no more than the 15% buffer; exposure to any losses beyond the buffer
Initial level:27,930.33
Buffer level:23,740.78 or 85% of initial level
Pricing date:Aug. 21
Settlement date:Aug. 26
Agent:Barclays
Fees:0.15%
Cusip:06747QCJ4

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