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Published on 3/12/2020 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $500,000 buffered SuperTrack notes on Russell

By Wendy Van Sickle

Columbus, Ohio, March 12 – Barclays Bank plc priced $500,000 of 0% buffered SuperTrack notes due March 6, 2025 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain, with the return capped at 35%.

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:Russell 2000 index
Amount:$500,000
Maturity:March 6, 2025
Coupon:0%
Price:Par
Payout at maturity:Par plus any index gain, with the return capped at 35%; par if index falls by up to 20%; otherwise, 1% loss for every 1% decline beyond 20%
Initial index level:1,518.49
Buffer level:1,214.79, 80% of initial level
Pricing date:March 2
Settlement date:March 5
Agent:Barclays
Fees:4.025%
Cusip:06747PFH7

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