New Issue: Barclays sells $500,000 barrier fixed-coupon notes on Dow, S&P

Chicago, Oct. 16 – Barclays Bank plc priced $500,000 of barrier fixed-coupon notes due Oct. 7, 2024 linked to the lesser 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 notes will pay a monthly coupon at an annual rate of 7.7%.

If each index finishes at or above 60% of its initial level, the payout at maturity will be par plus the final coupon. Otherwise, investors will be fully exposed to the losses of the worst performer.

Barclay is the agent.

Issuer:	Barclays Bank plc
Issue:	Barrier fixed-coupon notes
Underlying indexes:	Dow Jones industrial average, S&P 500 index
Amount:	$500,000
Maturity:	Oct. 7, 2024
Coupon:	7.7% annually, paid monthly
Price:	Par
Payout at maturity:	Par plus final coupon unless any index finishes below barrier level, in which case full exposure to losses of worst performer
Initial levels:	29,683.74 for Dow, 3,719.04 for S&P
Barrier levels:	17,810.24 for Dow, 2,231.42 for S&P; 60% of initial levels
Pricing date:	Oct. 3, 2022
Settlement date:	Oct. 6, 2022
Agent:	Barclays
Fees:	0.4%
Cusip:	06748XWS6

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