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Published on 4/30/2024 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $1.25 million 6.1% buffered autocallable fixed-coupon notes on indexes

Chicago, April 30 – Barclays Bank plc priced $1.25 million of buffered autocallable fixed-coupon notes due Jan. 29, 2027 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a semiannual coupon at an annual rate of 6.1%.

The notes will be automatically called at par plus the coupon if each index closes at or above its initial level on any semiannual call valuation date after 18 months.

If the notes are not called and each index finishes at or above 80% of its initial level, the payout at maturity will be par. Otherwise, investors will lose 1% for each 1% decline of the least-performing index beyond the 20% buffer.

Barclay is the agent.

Issuer:Barclays Bank plc
Issue:Buffered autocallable fixed-coupon notes
Underlying indexes:S&P 500 index, Russell 2000, Nasdaq-100
Amount:$1,250,000
Maturity:Jan. 29, 2027
Coupon:6.1% annually, paid semiannually
Price:Par
Payout at maturity:Par unless any index finishes below buffer level, in which case 1% loss for each 1% decline of the least-performing index beyond buffer
Call:At par plus coupon if each index closes at or above initial level on any semiannual call date after 18 months
Initial levels:4,890.97 for S&P, 17,421.01 for Nasdaq, 1,978.331 for Russell
Buffer levels:3,912.78 for S&P, 13,936.81 for Nasdaq, 1,582.66 for Russell; 80% of initial levels
Pricing date:Jan. 26
Settlement date:Jan. 31
Agent:Barclays
Fees:2.05%
Cusip:06745PNN7

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