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Published on 7/8/2020 in the Prospect News Structured Products Daily.

Barclays plans to price buffered SuperTrack notes linked to the S&P, Dow

By Taylor Fox

Chicago, July 8 – Barclays Bank plc plans to price buffered SuperTrack notes due July 31, 2025 linked to the least performing of 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 1.2 times the return of that index.

If the final index value of the lowest performer has declined, but not more than the 20% buffer value, then investors will receive par.

If the lowest performer’s final index value is less than the 80% buffer value, investors will be exposed to any losses in the index beyond the 20% buffer.

Barclays is the agent.

The notes will price on July 31 and settle on Aug. 5.

The Cusip number is 06747Q4A2.


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