New Issue: Barclays sells $5.03 million leveraged market-linked notes on S&P 500

By Kiku Steinfeld

Chicago, Nov. 12 – Barclays Bank plc priced $5.03 million of 0% market-linked notes with leveraged upside participation to a cap and fixed-percentage buffered downside due Feb. 3, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par plus 1.25 times the index return, subject to a maximum return of 8.5%.

If the index falls by up to 7.5%, the payout will be par.

If the index falls by more than 7.5%, investors will lose 1% for every 1% decline of the index beyond 7.5%.

Barclays and Wells Fargo Securities, LLC are the agents.

Issuer:	Barclays Bank plc
Issue:	Market-linked notes with leveraged upside participation to a cap and fixed-percentage buffered downside
Underlying index:	S&P 500
Amount:	$5,034,000
Maturity:	Feb. 3, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If the final index level is greater than the initial index level, par plus 1.25 times the index return, subject to a maximum return of 8.5%; if the index falls by up to 7.5%, par; if the index falls by more than 7.5%, 1% loss for every 1% decline of the index beyond 7.5%
Initial level:	4,605.38
Buffer level:	4,259.9765, 92.5% of initial level
Pricing date:	Oct. 29
Settlement date:	Nov. 3
Agents:	Barclays and Wells Fargo Securities, LLC
Fees:	2.125%
Cusip:	06748WKE2

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