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Published on 10/7/2019 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $435,000 SuperTrack notes linked to S&P 500

By Sarah Lizee

Olympia, Wash., Oct. 7 – Barclays Bank plc priced $435,000 of 0% SuperTrack notes due Sept. 29, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.321 times any index gain.

If the index falls by up to 20%, the payout will be par.

Otherwise, investors will be fully exposed to the decline of the index.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:SuperTrack notes
Underlying index:S&P 500 index
Amount:$435,000
Maturity:Sept. 29, 2023
Coupon:0%
Price:Par
Payout at maturity:Par plus 1.321 times any index gain; if the index falls by up to 20%, par; otherwise, investors will be fully exposed to the decline of the index
Initial index level:2,977.62
Barrier level:2,382.10, or 80% of initial level
Pricing date:Sept. 26
Settlement date:Oct. 1
Agent:Barclays
Fees:2.75%
Cusip:06747NH72

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