New Issue: Barclays prices $1.04 million leveraged buffered autocallable notes on S&P 500

By Kiku Steinfeld

Chicago, March 14 – Barclays Bank plc priced $1.04 million of 0% leveraged buffered autocallable notes due Dec. 2, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus 24% if the index closes at or above its initial level on April 29, 2025.

If the notes are not called and the index finishes above its initial level, the payout at maturity will be par plus 2 times the gain in the index.

If the index finishes flat or falls by no more than 25% of its initial level, the payout will be par. Otherwise, investors will lose 1% for the 1% decline of the index beyond 25%.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Buffered autocallable notes
Underlier:	S&P 500 index
Amount:	$1,039,000
Maturity:	Dec. 2, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 2 times return of index if the index gains; par if worst performing index finishes flat or falls by no more than 25%; 1% loss for the 1% decline of index beyond 25%
Call:	At par plus 24% if the index closes at or above its initial level on April 29, 2025
Initial level:	3,957.63
Buffer level:	2,968.22; 75% of initial levels
Pricing date:	Nov. 29, 2022
Settlement date:	Dec. 2, 2022
Agent:	Barclays
Fees:	4%
Cusip:	06749N5R9

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