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Published on 8/6/2019 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $1.2 million buffered SuperTrack notes linked to S&P, Dow

By Wendy Van Sickle

Columbus, Ohio, Aug. 6 – Barclays Bank plc priced $1.2 million of 0% buffered SuperTrack notes due July 31, 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.

If the least performing index return is positive, the payout at maturity will be par plus 1.3 times that index return. Investors will receive par if the least performing index falls by up to 30% and will lose 1% for each 1% that the lowest performing index declines beyond 30%.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Buffered SuperTrack notes
Underlying indexes:S&P 500 and Dow Jones industrial average
Amount:$1,201,000
Maturity:July 31, 2024
Coupon:0%
Price:Par
Payout at maturity:Par plus 1.3 times lowest index gain; par if lowest performing index falls by up to 30%; 1% loss for each 1% drop beyond 30% of lowest performer
Initial level:2,980.38 for S&P, 26,864.27 for Dow
Pricing date:July 31
Settlement date:Aug. 5
Agent:Barclays
Fees:1.125%
Cusip:06747N3Y8

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