The present invention provides a method and devices for transmitting and receiving a synchronization signal and a method for generating a synchronization signal in a wireless access system supporting narrowband Internet of Things (NB-IoT). A method for transmitting a primary synchronization signal (PSS) by a base station in a wireless access system supporting narrowband Internet of Things (NB-IoT), according to an embodiment of the present invention, can comprise the steps of: repeatedly generating first sequences n times so as to generate primary synchronization signals; multiplying n first sequences by second sequences and thus generating n primary synchronization signals; and transmitting n primary synchronization signals by means of n OFDM symbols, respectively. The size of a bandwidth used in the wireless access system supporting NB-IoT is the size of one physical resource block (PRB), and one PRB can comprise twelve subcarriers in a frequency domain.