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Published on 3/3/2023 in the Prospect News Structured Products Daily.

New Issue: Barclays Bank prices $2.58 million PLUS linked to Russell 2000

New York, March 3 – Barclays Bank plc priced $2.58 million of 0% PLUS due June 5, 2024 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the index is positive, the payout at maturity will be par plus 300% of the return, subject to a maximum return of par plus 20.6%.

Investors will be fully exposed to any index decline.

Barclays is the agent. Morgan Stanley Wealth Management is the dealer.

Issuer:Barclays Bank plc
Issue:PLUS
Underlying index:Russell 2000 index
Amount:$2,579,830
Maturity:June 5, 2024
Coupon:0%
Price:Par of $10
Payout at maturity:If return of index is positive, par plus 300% of index return, subject to a maximum return of par plus 20.6%; otherwise, 1% loss for every 1% that index declines
Initial level:1,896.991
Upside leverage:300%
Cap:20.6%
Pricing date:Feb. 28
Settlement date:March 3
Agent:Morgan Stanley Wealth Management
Fees:2.25% including a structuring fee of 0.5%
Cusip:06748F662

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