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Published on 5/24/2019 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $600,000 buffered SuperTrack notes on S&P 500, Dow

By Wendy Van Sickle

Columbus, Ohio, May 24 – Barclays Bank plc priced $600,000 of 0% buffered SuperTrack notes due May 24, 2024 linked to the least performing of the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.25 times any gain in the lesser-performing index up to a 65% maximum gain.

If either index falls by up to 30%, the payout will be par.

Otherwise, investors will lose 1% for every 1% decline of the lesser-performing index beyond 30%.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Buffered SuperTrack notes
Underlying indexes:S&P 500, Dow Jones industrial average
Amount:$600,000
Maturity:May 24, 2024
Coupon:0%
Price:Par
Payout at maturity:Par plus 1.25 times any gain in the lesser-performing index, up to maximum gain of 65%; if either index falls by up to 30%, par; otherwise, 1% loss for every 1% decline of the lesser-performing index beyond 30%
Initial levels:2,840.23 for S&P, 25,877.33 for Dow
Pricing date:May 21
Settlement date:May 24
Agent:Barclays
Fees:4.125%
Cusip:06747MV86

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