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Published on 7/7/2023 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $1.32 million notes tied to S&P, Dow

By Wendy Van Sickle

Columbus, Ohio, July 7 – Barclays Bank plc priced $1.32 million of 0% notes due Jan. 5, 2026 linked to the least performing of the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the least-performing index’s return is positive, the payout at maturity will be par plus the least-performing index’s return capped at par plus 25%.

Otherwise, investors will receive par.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Notes
Underlying indexes:S&P 500 index, Dow Jones industrial average
Amount:$1,318,000
Maturity:Jan. 5, 2026
Coupon:0%
Price:Par
Payout at maturity:If return of worse performer is positive, par plus that return capped at par plus 25%; otherwise, par
Initial levels:4,450.38 for S&P, 34,407.6 for Dow
Pricing date:June 30
Settlement date:July 6
Agent:Barclays
Fees:0.8%
Cusip:06745MGG7

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