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

New Issue: Barclays prices $400,000 buffered SuperTrack notes linked to three ETFs

Chicago, Feb. 2 – Barclays Bank plc priced $400,000 of 0% buffered SuperTrack notes due May 14, 2027 linked to the least performing of the SPDR Dow Jones industrial average ETF Trust, the SPDR S&P 500 ETF Trust and the iShares Russell 1000 Growth ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the least performing ETF’s return is positive, the payout at maturity will be par plus 1.5 times the least performing ETF’s return.

If the worst performer declines by 25% or less, the payout will be par. Otherwise, investors will lose 1.333333% for each 1% that the worst performer declines beyond 25%.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Buffered SuperTrack notes
Underlying ETFs:SPDR Dow Jones industrial average ETF Trust, SPDR S&P 500 ETF Trust and iShares Russell 1000 Growth ETF
Amount:$400,000
Maturity:May 14, 2027
Coupon:0%
Price:Par
Payout at maturity:If lesser-performing ETF’s return is positive, par plus 1.5 times lesser-performing ETF’s return; if worst performer’s final level is less than or equal to initial level but greater than or equal to buffer level, par; otherwise, 1.333333% loss for every 1% that the worst performer declines beyond buffer
Initial levels:$412.13 for S&P, $333.33 for Dow, $248.98 for Russell
Buffer levels:$309.10 for S&P, $250.00 for Dow, $186.74 for Russell; 75% of initial levels
Pricing date:May 11, 2023
Settlement date:May 16, 2023
Agent:Barclays
Fees:0.3%
Cusip:06745MDC9

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