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Published on 2/13/2024 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $925,000 leveraged upside participation market-linked notes on indexes

Chicago, Feb. 13 – Barclays Bank plc priced $925,000 of 0% market-linked securities with leveraged upside participation and contingent downside due Jan. 3, 2029 linked to the lowest performing of the Dow Jones industrial average, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 163% of any gain of the lowest-performing index.

If any index falls but not more than 30%, the payout will be par.

Otherwise, investors will lose 1% for every 1% decline of the worst-performing index.

Wells Fargo Securities, LLC and Barclays Capital Inc. are the agents.

Issuer:Barclays Bank plc
Issue:Market-linked securities with leveraged upside participation and contingent downside
Underlying indexes:Dow Jones industrial average, Russell 2000 index and S&P 500 index
Amount:$925,000
Maturity:Jan. 3, 2029
Coupon:0%
Price:Par
Payout at maturity:Par plus 163% of any gain of worst-performing index; if any index falls but not more than the threshold level, par; otherwise, 1% loss for every 1% decline of worst-performing index
Initial levels:37,710.10 for Dow, 2,058.335 for Russell, 4,783.35 for S&P
Threshold levels:26,397.07 for Dow, 1,440.8345 for Russell, 3,348.345 for S&P, 70% of initial levels
Pricing date:Dec. 28, 2023
Settlement date:Jan. 3, 2024
Agent:Barclays Capital Inc. and Wells Fargo Securities LLC
Fees:3.87%
Cusip:06745PDB4

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