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Published on 5/5/2023 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $3.8 million capped buffer gears linked to index basket

Chicago, May 5 – Barclays Bank plc priced $3.8 million of 0% capped buffer gears due April 30, 2025 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the Euro Stoxx 50 index with a 40% weight, the Nikkei 225 index with a 25% weight, the FTSE 100 index with a 17.5% weight, the Swiss Market index with a 10% weight and the S&P/ASX 200 index with a 7.5% weight.

If the basket return is greater than zero, the payout at maturity will be par of $10 plus two times the basket return, subject to a maximum return of 29.5%. Investors will receive par if the basket declines by 15% or less and will lose 1% for every 1% that the basket declines beyond 15%.

UBS Financial Services Inc. and Barclays are the agents.

Issuer:Barclays Bank plc
Issue:Capped buffer gears
Underlying basket:Euro Stoxx 50 (40% weight), Nikkei 225 (25% weight), FTSE 100 (17.5% weight), Swiss Market (10% weight) and S&P/ASX 200 (7.5% weight)
Amount:$3,800,100
Maturity:April 30, 2025
Coupon:0%
Price:Par of $10
Payout at maturity:If basket return is positive, par plus two times basket return, subject to maximum return of 29.5%; par if basket declines by 15% or less; 1% loss for every 1% that basket declines beyond 15%
Initial levels:4,347.71 for Stoxx, 28,416.47 for Nikkei, 7,852.64 for FTSE, 11,364.91 for Swiss and 7,316.299 for S&P/ASX
Buffer level:85% of initial basket level
Pricing date:April 26
Settlement date:April 28
Agents:UBS Financial Services Inc. and Barclays
Fees:2%
Cusip:06748G868

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