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Published on 12/9/2020 in the Prospect News Structured Products Daily.

New Issue: Barclays sells 1.02 million leveraged market-linked notes tied to S&P, Russell, Dow

By Wendy Van Sickle

Columbus, Ohio, Dec. 9 – Barclays Bank plc priced $1.02 million of 0% market-linked securities with leveraged upside participation and contingent downside due Nov. 30, 2026 linked to the Dow Jones industrial average, the Russell 2000 index 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 135% of any worst performing index gain.

Investors will receive par if the worst performing index falls by up to 40% and will be fully exposed to the decline of the worst performing index if it falls by more than 40%.

Wells Fargo Securities, LLC and Barclays Capital Inc. are the agents.

Issuer:Barclays Bank plc
Issue:Market-linked securities with leveraged upside participation and contingent downside
Underlying indexes:Russell 2000 index, S&P 500 index and Dow Jones industrial average
Amount:$1,022,000
Maturity:Nov. 30, 2026
Coupon:0%
Price:Par
Payout at maturity:Par plus 135% of any worst performing index gain; par if the worst performing index falls by up to 40%; full exposure to losses of worst performing index if it falls by more than 40%
Initial index level:30,046.24 for Dow, 1,853.532 for Russell, 3,635.41 for S&P
Threshold level:18,027.744 for Dow, 1,112.1192 for Russell, 2,181.246 for S&P, 60% of initial level
Pricing date:Nov. 24
Settlement date:Nov. 30
Agents:Wells Fargo Securities, LLC and Barclays Capital Inc.
Fees:4%
Cusip:06747QP76

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