New Issue: Barclays sells $1.22 million autocallable notes on Russell, Nasdaq, S&P

By Kiku Steinfeld

Chicago, Aug. 1 – Barclays Bank plc priced $1.22 million of autocallable notes due Feb. 22, 2027 linked to the performance of the S&P 500 index, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus an annualized 11.75% call premium if the indexes close at or above their initial levels on any annual valuation date.

If the notes are not called and each index finishes above the 75% barrier level, the payout at maturity will be par.

Otherwise, investors will be fully exposed to the worst performer’s decline from its initial level.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable notes
Underlying assets:	Russell 2000 index, Nasdaq-100 index, S&P 500 index
Amount:	$1,216,000
Maturity:	Feb. 22, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above final barrier, par; otherwise, investors will be fully exposed to the loss of the least performing index
Call:	Automatically at par plus an annualized 11.75% call premium if each index closes at or above initial level on any annual valuation date
Initial levels:	4,079.09 for S&P, 12,358.18 for Nasdaq, 1,946.356 for Russell
Final barriers:	3,059.32 for S&P, 9,268.64 for Nasdaq, 1,459.77 for Russell; 75% of initial levels
Pricing date:	Feb. 17, 2023
Settlement date:	Feb. 23, 2023
Agent:	Barclays
Fees:	0.65%
Cusip:	06749NL26

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