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Published on 8/5/2020 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $822,000 buffered SuperTrack notes tied to the Dow

By Wendy Van Sickle

Columbus, Ohio, Aug. 5 – Barclays Bank plc priced $822,000 of 0% buffered SuperTrack notes due July 31, 2025 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain, capped at 50%.

If the index falls by up to 20%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline beyond 20%.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Buffered SuperTrack notes
Underlying index:Dow Jones industrial average
Amount:$822,000
Maturity:July 31, 2025
Coupon:0%
Price:Par
Payout at maturity:Par plus any index gain up to 50%; par if index falls by up to 20%; otherwise, 1% loss for every 1% decline beyond 20%
Initial index level:26,379.28
Buffer level:21,103.42, 80% of initial level
Pricing date:July 28
Settlement date:July 31
Agent:Barclays
Fees:3.31%
Cusip:06747Q5H6

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