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Published on 7/5/2022 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $497,000 buffered callable contingent coupon notes on S&P, Russell

By Kiku Steinfeld

Chicago, July 5 – Barclays Bank plc priced $497,000 of buffered callable contingent coupon notes due Dec. 27, 2024 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent biannual coupon at annual rate of 4.5% if each index closes at or above its coupon barrier, 70% of its initial level, on the corresponding observation date for that period.

The notes will be callable at par on any biannual call date.

The payout at maturity will be par unless either index finishes below the 85% downside barrier, in which case investors will lose 1% for each 1% decline of the worst performing index beyond 15%.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Buffered callable contingent coupon notes
Underlying indexes:S&P 500 index and Russell 2000 index
Amount:$497,000
Maturity:Dec. 27, 2024
Coupon:4.5%, payable each six months if each index closes at or above coupon barrier on related observation date
Price:Par
Call option:At par on any biannual call date
Payout at maturity:Par if both indexes finish at or above buffer level; otherwise, 1% for each 1% decline of worse performing index beyond buffer
Initial levels:4,696.56 for S&P, 2,221.90 for Russell
Coupon barriers:3,287.59 for S&P, 1,555.33 for Russell, 70% of initial levels
Buffer levels:3,992.08 for S&P, 1,888.62 for Russell, 85% of initial levels
Pricing date:Dec. 22, 2021
Settlement date:Dec. 28, 2021
Agent:Barclays
Fees:1,888.62
Cusip:06748WWY5

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