New Issue: Barclays prices $6.18 million 8.25% buffered fixed coupon notes on S&P index, iShares ETF

By Kiku Steinfeld

Chicago, April 5– Barclays Bank plc priced $6.18 million of 8.25% buffered fixed coupon notes due Jan. 15, 2025 linked to the least performing of the iShares MSCI EAFE ETF and the S&P 500 index, 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 lose 1.25% per 1% drop in the worst performer beyond 20%.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Buffered fixed coupon notes
Underlying assets:	iShares MSCI EAFE ETF, S&P 500 index
Amount:	$6,175,000
Maturity:	Jan. 15, 2025
Coupon:	8.25% annual rate, payable monthly
Price:	Par
Payout at maturity:	If least-performing underlier finishes at or above 80% of initial level, par; otherwise, 1.25% loss for every 1% decline of worst performer beyond 20%
Initial levels:	$70.37 for ETF, 4,411.59 for S&P
Buffer level:	$56.30 for ETF, 3,529.27 for S&P; 80% of initial levels
Pricing date:	July 7, 2023
Settlement date:	July 12, 2023
Underwriter:	Barclays
Fees:	None
Cusip:	06745MR83

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