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Published on 9/15/2023 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $500,000 autocallable notes on Dow, Russell, S&P

Chicago, Sept. 15 – Barclays Bank plc priced $500,000 of 0% autocallable notes due Sept. 3, 2026 linked to the least performing of the S&P 500 index, the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be autocallable starting after one year on monthly call valuation dates if each index closes above its initial level at par plus a call premium based on a 14.25% annual rate.

If the notes are not called on the maturity date, the payout will be par if each index finishes at or above 70% of its initial value.

Otherwise, investors will lose 1% for each 1% decline of the worst performing index from its initial level.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Autocallable notes
Underlying indexes:S&P 500 index, Russell 2000 index, Dow Jones industrial average
Amount:$500,000
Maturity:Sept. 3, 2026
Coupon:0%
Price:Par
Payout at maturity:Par plus maturity date premium if called; par if at least one index declines but all finish above final barriers; otherwise, full exposure to losses
Call:Automatically at par plus 14.25% annualized call premium if each index closes above initial level on any monthly call valuation date starting after one year
Initial levels:3,986.16 for S&P, 31,790.87 for Dow, 1,855.59 for Russell
Final barriers:2,790.31 for S&P, 22,253.61 for Dow, 1,298.91 for Russell; 70% of initial levels
Pricing date:Aug. 30, 2022
Settlement date:Sept. 2, 2022
Agent:Barclays
Fees:0.7%
Cusip:06748XQ87

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