New Issue: Barclays sells $875,000 capped leveraged buffered notes on S&P 500 Value

By Kiku Steinfeld

Chicago, May 17 – Barclays Bank plc priced $875,000 of 0% capped leveraged buffered notes due March 18, 2024 linked to the S&P 500 Value index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any index gain, capped at par plus 17.55%.

If the index finishes flat or falls by up to 15%, the payout will be par.

If the final index level is less than the 85% buffer level, investors will lose 1% for every 1% that the index declines beyond 15%.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Capped leveraged buffered notes
Underlying index:	S&P 500 Value index
Amount:	$875,000
Maturity:	March 18, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any index gain, capped at par plus 17.55%; par if index finishes flat or falls by up to 15%; otherwise, 1% loss for every 1% that index declines beyond 15%
Initial level:	1,515.62415
Buffer level:	1,288.28, 85% of initial level
Pricing date:	Jan. 13, 2023
Settlement date:	Jan. 19, 2023
Agent:	Barclays
Fees:	0%
Cusip:	06749NGE6

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