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Published on 8/25/2023 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $1.15 million buffered digital notes linked to indexes, ETF

Chicago, Aug. 25 – Barclays Bank plc priced $1.15 million of 0% buffered digital notes due Sept. 23, 2024 linked to the least performing of the S&P 500 index, Russell 2000 index and Utilities Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the least performing asset finishes at or above its 75% buffer level, the payout at maturity will be par plus the digital percentage of 9%.

Otherwise, investors will lose 1% for every 1% decline of the least performer in excess of the 25% buffer.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Buffered digital notes
Underlying assets:S&P 500 index, Russell 2000 index and Utilities Select Sector SPDR Fund
Amount:$1,145,000
Maturity:Sept. 23, 2024
Coupon:0%
Price:Par
Payout at maturity:If least performer finishes at or above buffer level, par plus 9%; otherwise, 1% loss for every 1% decline of lowest performing asset beyond 25%
Initial levels:4,369.71 for S&P, 1,859.421 for Russell, $63.49 for fund
Buffer levels:3,277.28 for S&P, 1,394.57 for Russell, $47.62 for fund; 75% of initial levels
Pricing date:Aug. 18
Settlement date:Aug. 23
Agent:Barclays
Fees:0.4%
Cusip:06745N6G6

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