New Issue: Barclays prices $6.82 million trigger autocallable gears linked to S&P

By Angela McDaniels

Tacoma, Wash., Aug. 3 – Barclays Bank plc priced $6.82 million of 0% trigger autocallable gears due July 31, 2028 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus 10% if the index closes at or above the initial index level on Aug. 2, 2024.

If the notes are not called and the index return is positive, the payout at maturity will be par plus 1.605 times the index return. The payout will be par if the index declines by up to 25%. If the index finishes below the downside threshold, 75% of the initial index level, investors will lose 1% for every 1% that the index declines from its initial level.

UBS Securities LLC and Barclays are the agents.

Issuer:	Barclays Bank plc
Issue:	Trigger autocallable gears
Underlying index:	S&P 500 index
Amount:	$6,823,000
Maturity:	July 31, 2028
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If notes are not called and index return is positive, par plus 1.605 times index return; par if index declines by up to 25%; if index finishes below downside threshold, 1% loss for every 1% that index declines from initial level
Call:	Automatically at par plus 10% if index closes at or above initial index level on Aug. 2, 2024
Initial level:	4,566.75
Downside threshold:	3,425.06, or 75% of initial level
Pricing date:	July 26
Settlement date:	July 31
Underwriters:	UBS Securities LLC and Barclays
Fees:	2.5%
Cusip:	06748H858

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