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Published on 12/24/2019 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $25,000 buffered SuperTrack notes linked to the Dow

By Wendy Van Sickle

Columbus, Ohio, Dec. 24 – Barclays Bank plc priced $25,000 of 0% buffered SuperTrack notes due June 27, 2022 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 2 times the index return up to a 18% maximum return. Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% that the index declines beyond 10%.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Buffered SuperTrack notes
Underlying index:Dow Jones industrial average
Amount:$25,000
Maturity:June 27, 2022
Coupon:0%
Price:Par
Payout at maturity:Par plus 2 times any index gain up to 18% maximum return; par if index falls by up to 10%; 1% loss for each 1% drop beyond 10%
Initial level:28,376.96
Buffer level:25,539.26, or 90% of initial level
Pricing date:Dec. 19
Settlement date:Dec. 24
Agent:Barclays
Fees:2.25%
Cusip:06747NTA2

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