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Published on 12/3/2020 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $466,000 buffered SuperTrack notes tied to S&P 500

By Kiku Steinfeld

Chicago, Dec. 3 – Barclays Bank plc priced $466,000 of 0% buffered SuperTrack notes due March 30, 2022 linked to the S&P 500 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 2 times the index return, capped at par plus 12.1%.

If the index declines up to 10%, investors will receive par. Otherwise, investors will lose 1% for each 1% decline beyond the 10% buffer.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Buffered SuperTrack notes
Underlying index:S&P 500
Amount:$466,000
Maturity:March 30, 2022
Coupon:0%
Price:Par
Payout at maturity:Par plus 2 times any index gain, capped at par plus 12.1%; par if index declines by up to 10%; otherwise, 1% loss for each 1% decline beyond 10%
Initial level:3,537.01
Buffer level:3,183.31, 90% of initial level
Pricing date:Nov. 13
Settlement date:Nov. 18
Agent:Barclays
Fees:None
Cusip:06747QQH3

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