New Issue: Barclays prices $2.62 million 23.5% buffered fixed-rate notes on three tech stocks

By William Gullotti

Buffalo, N.Y., Dec. 5 – Barclays Bank plc priced $2.62 million of 23.5% buffered fixed-coupon notes due Nov. 26, 2024 linked to the least performing of Apple Inc., Advanced Micro Devices, Inc. and Upstart Holdings, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

If the least-performing asset finishes at or above 80% of the initial level, the payout at maturity will be par.

Otherwise, investors will share in losses at a rate of 1% per 1% drop beyond 20%.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Buffered fixed-coupon notes
Underlying stocks:	Advanced Micro Devices, Inc., Upstart Holdings, Inc., Apple Inc.
Amount:	$2,621,000
Maturity:	Nov. 26, 2024
Coupon:	23.5% annual rate, payable monthly
Price:	Par
Payout at maturity:	If least-performing stock finishes at or above 80% of initial level, par; otherwise, 1% loss for every 1% decline of least-performing stock beyond 20%
Initial levels:	$73.90 for AMD, $19.46 for Upstart, $150.72 for Apple
Buffer level:	$59.12 for AMD, $15.57 for Upstart, $120.58 for Apple; 80% of initial levels
Strike date:	Nov. 17
Pricing date:	Nov. 21
Settlement date:	Nov. 25
Underwriter:	Barclays
Fees:	0.4%
Cusip:	06749N6K3

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