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Published on 11/12/2020 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $3.17 million leveraged market-linked notes tied to S&P 500 and Dow

By Wendy Van Sickle

Columbus, Ohio, Nov. 12 – Barclays Bank plc priced $3.17 million of 0% market-linked securities with leveraged upside participation and contingent downside due Nov. 3, 2026 linked to the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 145% of any worst performing index gain.

Investors will receive par if the worst performing index falls by up to 30% and will be fully exposed to the decline of the worst performing index if it falls by more than 30%.

Wells Fargo Securities, LLC and Barclays Capital Inc. are the agents.

Issuer:Barclays Bank plc
Issue:Market-linked securities with leveraged upside participation and contingent downside
Underlying indexes:S&P 500 index and Dow Jones industrial average
Amount:$3,167,000
Maturity:Nov. 3, 2026
Coupon:0%
Price:Par
Payout at maturity:Par plus 145% of any worst performing index gain; par if the worst performing index falls by up to 30%; full exposure to losses of worst performing index if it falls by more than 30%
Initial index level:26,659.11 for Dow, 3,310.11 for S&P
Threshold level:18,661.377 for Dow, 2,317.077 for S&P, 70% of initial level
Pricing date:Oct. 29
Settlement date:Nov. 3
Agents:Wells Fargo Securities, LLC and Barclays Capital Inc.
Fees:3.09%
Cusip:06747QLU9

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