$12,420,600 Contingent Income Auto-Callable Securities Based on the Performance of the American Depositary Shares of Alibaba Group Holding Limited due November 02, 2023, priced on October 30, 2020, were issued by Barclays Bank PLC. The pricing supplement for this note (CUSIP: 06747K274) can be found here.

The notes had a $10 face value and paid a quarterly coupon of $0.25, so long as the notes had not been called and and Alibaba all closed above 70% of their October 30, 2020 closing prices on a determination date. If and Alibaba closed below 70% of their October 30, 2020 closing prices on a determination date, the notes did not pay a coupon.

If not previously called, at maturity, the notes returned $10 in principal if and Alibaba all closed on the final determination date on October 30, 2023 and above 70% of their October 30, 2020 closing prices. If on October 30, 2023 and Alibaba closed below 70% of their October 30, 2020 closing prices, the notes paid reduced principal euqal to $10 multiplied by the lowest ratio of and Alibaba October 30, 2023 closing prices to their October 30, 2020 closing prices.

The notes have matured. They paid two coupons totaling $0.50 and $2.73 repayment per $10 note. Investors thus suffered capital losses of $7.27 and net losses of $6.77.^† In the aggregate, investors in this note suffered $9,031,422 in capital losses and $8,410,392 in net losses. See Table 1 and Figure 1.

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† SLCG estimated these losses based on publicly available information. The issuer ultimately determines the amounts paid which may differ from our estimates. Our reference to capital loss and net loss does not imply SLCG's view of how these losses are treated for tax purposes.

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