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Published on 7/1/2020 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $63.59 million Capped Leveraged Index Return Notes on S&P

By Wendy Van Sickle

Columbus, Ohio, July 1 – Barclays Bank plc priced $63.59 million of 0% Capped Leveraged Index Return Notes due June 24, 2022 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 2 times any index gain, up to a payout of par plus 18.91%.

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

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

BofA Securities, Inc. is the agent.

Issuer:Barclay Bank plc
Issue:Capped Leveraged Index Return Notes
Underlying index:S&P 500 index
Amount:$63,590,170
Maturity:June 24, 2022
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 2 times any index gain, capped at par plus 18.91%; if the index falls by up to 10%, par; otherwise, investors will lose 1% for every 1% decline beyond 10%
Initial level:3,083.76
Threshold level:2,775.38, 90% of initial level
Pricing date:June 25
Settlement date:July 2
Agent:BofA Securities, Inc.
Fees:2%
Cusip:06747H313

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