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

New Issue: Barclays prices $725,000 barrier SuperTrack notes tied to S&P

By Wendy Van Sickle

Columbus, Ohio, Dec. 24 – Barclays Bank plc priced $725,000 of 0% barrier SuperTrack notes due Jan. 22, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 2 times any index gain, up to 10.65%.

Investors will receive par if the index falls by up to 10% and will be fully exposed to any losses if the index finishes below its 90% barrier level.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Barrier SuperTrack notes
Underlying index:S&P 500
Amount:$725,000
Maturity:Jan. 22, 2021
Coupon:0%
Price:Par
Payout at maturity:Par plus 2 times any index gain up to 10.65%; if index falls by up to 10%, par; otherwise, full exposure to any losses
Initial level:3,205.37
Barrier level:2,884.83, 90% of initial level
Pricing date:Dec. 19
Settlement date:Dec. 24
Agent:Barclays
Fees:2%
Cusip:06747NV84

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