New Issue: Barclays sells $7.62 million market-linked securities on index, ETF basket

By Sarah Lizee

Olympia, Wash., Nov. 5 – Barclays Bank plc priced $7.62 million of 0% market-linked securities with leveraged upside participation to a cap and fixed-percentage buffered downside due Nov. 6, 2023 linked a basket of one index and two exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.

The basket components are the S&P 500 Value index with an initial weight of 50%, the iShares MSCI EAFE ETF with an initial weight of 30% and the Financial Select Sector SPDR fund with an initial weight of 20%.

The payout at maturity will be par plus 130% of any basket gain, capped at par plus 60%.

Investors will receive par if the basket falls by up 20% and will lose 1% for every 1% decline in the basket beyond 20%.

Barclays and Wells Fargo Securities, LLC are the agents.

Issuer:	Barclays Bank plc
Issue:	Market-linked securities with leveraged upside participation to a cap and fixed-percentage buffered downside
Underlying assets:	S&P 500 Value index (50% weight), iShares MSCI EAFE ETF (30% weight) and Financial Select Sector SPDR fund (20% weight)
Amount:	$7,618,000
Maturity:	Nov. 6, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 130% of any basket gain, capped at par plus 60%; par if the basket falls by up to 20%; 1% loss for every 1% decline beyond 20%
Initial levels:	1,081.728 for S&P index, $62.46 for EAFE ETF, $26.28 for Financial Select ETF
Buffer levels:	80% of initial levels
Pricing date:	Oct. 31
Settlement date:	Nov. 5
Agents:	Barclays and Wells Fargo Securities, LLC
Fees:	4.23%
Cusip:	06746XUJ0

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