New Issue: Barclays sells $522,000 leveraged market-linked notes on S&P 500 index

By Sarah Lizee

Olympia, Wash., Dec. 7 – Barclays Bank plc priced $522,000 of 0% market-linked securities with leveraged upside participation to a cap and fixed-percentage buffered downside due Dec. 5, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any index gain, capped at par plus 56%.

Investors will receive par if the index falls by up 15% and will lose 1% for every 1% decline in the index beyond 15%.

Barclays and Wells Fargo Securities, LLC are the agents.

Issuer:	Barclays Bank plc
Issue:	Market-linked securities with leveraged upside participation to a cap and fixed-percentage buffered downside
Underlying index:	S&P 500
Amount:	$522,000
Maturity:	Dec. 5, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any index gain, capped at par plus 56%; par if the index falls by up to 15%; 1% loss for every 1% decline beyond 15%
Initial index level:	2,760.17
Buffer level:	2,346.1445, 85% of initial level
Pricing date:	Nov. 30
Settlement date:	Dec. 5
Agents:	Barclays and Wells Fargo Securities, LLC
Fees:	4.51%
Cusip:	06746XXC2

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