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Published on 5/18/2022 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $350,000 dual directional barrier notes linked to Nasdaq

Chicago, May 18 – Barclays Bank plc priced $350,000 of 0% dual directional barrier notes due Oct. 31, 2024 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, investors will receive par plus the return, capped at par plus 23.5%.

If the index declines but finishes above the 80% barrier level, investors will receive par plus the absolute value of the index.

Otherwise, investors will lose 1% for every 1% that the index declines from its initial level.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Dual directional barrier notes
Underlying index:Nasdaq-100 index
Amount:$350,000
Maturity:Oct. 31, 2024
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus return capped at par plus 23.5%; par plus absolute value of index if index declines but finishes above barrier level; otherwise, full exposure to losses of index
Initial index level:15,559.49
Buffer level:12,447.59; 80% of initial level
Pricing date:Oct. 26, 2021
Settlement date:Oct. 29, 2021
Agent:Barclays
Fees:2.5%
Cusip:06748WMD2

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