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Published on 10/26/2018 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $651,000 buffered SuperTrack notes on two funds

By Wendy Van Sickle

Columbus, Ohio, Oct. 26 – Barclays Bank plc priced $651,000 of 0% buffered SuperTrack notes due April 28, 2021 linked to the SPDR S&P Bank ETF and the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

If each asset finishes at or above its initial level, the payout at maturity will be par plus 1.22 times the gain of the worse performing fund.

Investors will receive par if either asset falls by up to 10% and will lose 1% for each 1% decline of the worse performing asset beyond the buffer.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Buffered SuperTrack notes
Underlying assets:SPDR S&P Bank ETF and Financial Select Sector SPDR fund
Amount:$651,000
Maturity:April 28, 2021
Coupon:0%
Price:Par
Payout at maturity:If each fund gains, par plus 1.22 times return of worse performing asset; if either asset falls by up to 10%, par; otherwise, 1% loss per 1% decline of worse performing fund beyond 10%
Initial levels:$25.89 for Financial fund, $42.10 for Bank fund
Pricing date:Oct. 23
Settlement date:Oct. 36
Agent:Barclays
Fees:2.7%
Cusip:06746XV34

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