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Published on 12/31/2020 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $1.35 million barrier SuperTrack notes linked to S&P, Dow, Nasdaq

By Wendy Van Sickle

Columbus, Ohio, Dec. 31 – Barclays Bank plc priced $1.35 million of 0% barrier SuperTrack notes due Dec. 29, 2023 linked to the lesser performing of the Nasdaq-100 index, the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the lesser-performing index’s return is positive, the payout at maturity will be par plus 1.25 times the lesser-performing index’s return. If the lesser-performing index declines by 30% or less, the payout will be par. Investors will lose 1% for each 1% that the lesser-performing index declines from its initial level if it falls by more than 30%.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Barrier SuperTrack notes
Underlying indexes:S&P 500 index, Nasdaq-100 index and Dow Jones industrial average
Amount:$1.35 million
Maturity:Dec. 29, 2023
Coupon:0%
Price:Par
Payout at maturity:If lesser-performing index’s return is positive, par plus 1.25 times lesser-performing index’s return; if lesser-performing index’s final level is less than or equal to initial level but greater than or equal to barrier level, par; if lesser-performing index’s final level is less than barrier level, 1% loss for every 1% that lesser-performing index declines from initial level
Initial level:12,653.14 for Nasdaq, 3,690.01 for S&P, 30,1729.83 for Dow
Barrier levels:8,857.2 for Nasdaq, 2,583.01 for S&P, 21,090.88 for Dow; 70% of initial levels
Pricing date:Dec. 23
Settlement date:Dec. 29
Agent:Barclays
Fees:0.5%
Cusip:01747QRP4

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