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Published on 2/6/2020 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $2.95 million buffered SuperTrack notes tied to index basket

By Wendy Van Sickle

Columbus, Ohio, Feb. 6 – Barclays Bank plc priced $2.95 million of 0% buffered SuperTrack notes due Aug. 4, 2021 linked to a basket containing the S&P MidCap 400 index with a 60% weight and the Russell 2000 index with a 40% weight, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any basket gain, up to a 15.15% maximum gain.

If the basket falls by up to 10%, the payout will be par.

Otherwise, investors will lose 1% for every 1% decline beyond 10%.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Buffered SuperTrack notes
Basket components:S&P MidCap 400 index with a 60% weight, Russell 2000 index with a 40% weight
Amount:$2,945,000
Maturity:Aug. 4, 2021
Coupon:0%
Price:Par
Payout at maturity:Par plus 1.5 times any basket gain, up to 15.15% maximum gain; if the basket falls by up to 10%, par; investors will lose 1% for every 1% decline beyond 10%
Initial levels:2,047.92 for S&P, 1,648.22 for Russell
Pricing date:Jan. 30
Settlement date:Feb. 4
Agent:Barclays
Fees:0%
Cusip:06747P3P2

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