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

New Issue: Barclays sells $408,000 leveraged capped market-linked notes on Stoxx

By William Gullotti

Buffalo, N.Y., July 26 – Barclays Bank plc priced $408,000 of 0% market-linked securities – leveraged upside participation to a cap 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.

The payout at maturity will be par plus 150% of any gain in the index, subject to a maximum payout of par plus 100%.

If the index falls by up to 20%, the payout will be par.

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

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

Issuer:Barclays Bank plc
Issue:Market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside
Underlying index:Euro Stoxx 50 index
Amount:$408,000
Maturity:July 26, 2027
Coupon:0%
Price:Par
Payout at maturity:Par plus 150% of any index gain, capped at par plus 100%; if index falls by up to 20%, par; otherwise, 1% loss for every 1% decline of index beyond 20%
Initial level:4,373.73
Buffer level:3,498.984; 80% of initial level
Pricing date:July 20
Settlement date:July 25
Agents:Barclays Capital Inc. and Wells Fargo Securities LLC
Fees:3.35%
Cusip:06745ML63

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