New Issue: Barclays prices $790,000 autocallable notes tied to S&P, Russell, Nasdaq

By Kiku Steinfeld

Chicago, April 20 – Barclays Bank plc priced $790,000 of autocallable notes due Dec. 24, 2026 linked to the least performing index 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 12% call premium if the indexes close at or above their initial levels on any annual valuation date.

If the notes are not called, the payout at maturity will be par if each index finishes above the 75% barrier level. Otherwise, investors will be fully exposed to the decline of the worst performing index from its initial level.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable notes
Underlying assets:	S&P 500 index, Nasdaq-100 index and Russell 2000 index
Amount:	$790,000
Maturity:	Dec. 24, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	At par if each index finishes above its barrier level; otherwise, full exposure to loss of least performing index
Call:	At par plus annualized 12% call premium if indexes close at or above their initial levels on any annual valuation date
Initial levels:	3,878.44 for S&P, 11,235.88 for Nasdaq, 1,776.941 for Russell
Barrier levels:	2,908.83 for S&P, 8,426.91 for Nasdaq, 1,332.71 for Russell, 75% of initial levels
Pricing date:	Dec. 21, 2022
Settlement date:	Dec. 27, 2022
Agent:	Barclays
Fees:	2.65%
Cusip:	06749NB76

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