New Issue: Barclays sells $750,000 buffered notes linked to Russell, Nasdaq

By Wendy Van Sickle

Columbus, Ohio, Dec. 3 – Barclays Bank plc priced $750,000 of buffered notes due Nov. 29, 2023 linked to the least performing of the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annualized rate of 5% if both indexes close above the 75% coupon barrier on the related observation date.

If the final level of each index is greater than or equal to negative 10%, the payout at maturity will be par.

Otherwise, investors will lose 1% for every 1% decline beyond 10%.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Buffered notes
Underlying indexes:	Nasdaq-100 index and Russell 2000 index
Amount:	$750,000
Maturity:	Nov. 29, 2023
Coupon:	5%, payable quarterly if indexes close above coupon barrier
Price:	Par
Payout at maturity:	Par if both indexes finish above negative 10%, par; otherwise, 1% loss for every 1% decline beyond 10%
Initial index levels:	12,079.81 for Nasdaq and 1,853.53 for Russell
Coupon barriers:	9,059.86 for Nasdaq and 1,390.15 for Russell, 75% of initial levels
Buffer levels:	10,871.83 for Nasdaq and 1,668.18 for Russell, 90% of initial levels
Pricing date:	Nov. 24
Settlement date:	Nov. 30
Agent:	Barclays
Fees:	2.5%
Cusip:	06747QPX9

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