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Published on 7/26/2023 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $545,000 contingent market-linked notes with minimum return on Stoxx

By William Gullotti

Buffalo, N.Y., July 26 – Barclays Bank plc priced $545,000 of 0% market-linked securities – upside participation with contingent minimum return and fixed percentage buffered downside due July 26, 2027 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its 80% threshold level, the payout at maturity will be the greater of par plus the return of the index and par plus 20%.

Otherwise, investors will lose 1% for every 1% of index decline beyond 20%.

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

Issuer:Barclays Bank plc
Issue:Market-linked securities – upside participation with contingent minimum return and fixed percentage buffered downside
Underlying index:Euro Stoxx 50 index
Amount:$545,000
Maturity:July 26, 2027
Coupon:0%
Price:Par
Payout at maturity:If index finishes at or above threshold level, par plus greater of index return and 20%; otherwise, 1% loss for every 1% decline of the index beyond 20%
Initial level:4,373.73
Threshold level:3,498.984; 80% of initial level
Pricing date:July 20
Settlement date:July 25
Agent:Barclays Capital Inc. and Wells Fargo Securities LLC
Fees:3.52%
Cusip:06745MLB2

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