New Issue: Barclays prices $725,000 leveraged upside participation market-linked notes on Dow, S&P

By Kiku Steinfeld

Chicago, May 5 – Barclays Bank plc priced $725,000 of 0% market-linked securities with leveraged upside participation and contingent downside due June 5, 2026 linked to the lowest performing of the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 130% times any gain of the lowest-performing index.

If any index falls but not more than 20%, the payout will be par.

Otherwise, investors will lose 1% for every 1% decline of the worst-performing index.

Wells Fargo Securities, LLC and Barclays Capital Inc. are the agents.

Issuer:	Barclays Bank plc
Issue:	Market-linked securities with leveraged upside participation and contingent downside
Underlying indexes:	Dow Jones industrial average, S&P 500 index
Amount:	$725,000
Maturity:	July 6, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 130% times any gain of worst-performing index; if any index falls but not more than the threshold level, par; otherwise, 1% loss for every 1% decline of worst-performing index
Initial levels:	33,220.80 for Dow, 3,849.28 for S&P
Threshold levels:	26,576.64 for Dow, 3,079.424 for S&P, 80% of initial levels
Pricing date:	Dec. 29, 2022
Settlement date:	Jan. 4, 2023
Agent:	Barclays Capital Inc. and Wells Fargo Securities LLC
Fees:	2.865%
Cusip:	06749N7M8

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