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Published on 3/12/2024 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $1.16 million fixed-coupon barrier notes on S&P, Russell

Chicago, March 12 – Barclays Bank plc priced $1.16 million of 6.85% fixed-coupon barrier notes due Dec. 10, 2025 linked to the least performing of the S&P 500 index and the Russell 200 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

At maturity, investors will receive par if both indexes finish above the 65% barrier level. Otherwise, investors will be fully exposed to the losses of the worst performer.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Fixed-coupon barrier notes
Underlying indexes:S&P 500 index and Russell 2000 index
Amount:$1,155,000
Maturity:Dec. 10, 2025
Contingent coupon:6.85% annual rate, payable monthly
Price:Par
Payout at maturity:Par if both indexes end above barrier level; otherwise, full exposure to losses of worst performer
Initial index levels:2,053.708 for Russell, 5,078.65 for S&P
Barrier levels:1,334.91 for Russell, 3,301.12 for S&P, 65% of initial levels
Pricing date:March 5
Settlement date:March 8
Agent:Barclays
Fees:0.65%
Cusip:06745Q3B3

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