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Published on 8/26/2022 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $1.04 million autocallable fixed-coupon notes on indexes

Chicago, Aug. 26 – Barclays Bank plc priced $1.04 million of autocallable fixed-coupon notes due Jan. 27, 2023 linked to the least performing of the Euro Stoxx 50 index, the S&P 500 index and the Nikkei 225 index, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate will be 5.8% per year and will be payable quarterly.

The notes will be automatically called at par if each index closes at or above its initial level on any quarterly call date starting after six months.

If the notes are not called, the payout at maturity will be par unless any index finishes below its barrier level, 70% of its initial level, in which case the payout will be par minus 1% for every 1% that the least-performing index declines from its initial level.

Barclay is the agent.

Issuer:Barclays Bank plc
Issue:Autocallable fixed-coupon notes
Underlying indexes:Euro Stoxx 50 index, S&P 500 index and Nikkei 225 index
Amount:$1,040,000
Maturity:Jan. 27, 2023
Coupon:5.8%, payable quarterly
Price:Par
Payout at maturity:Par unless any index finishes below its barrier level, in which case par minus 1% for every 1% that least-performing index declines from its initial level
Call:At par if each index closes at or above initial level on any quarterly call date after six months
Initial levels:4,257.82 for S&P, 28,257.25 for Nikkei, 4,577.11 for S&P
Barrier levels:2,980.47 for S&P, 19,780.08 for Nikkei, 3,203.98 for S&P; 70% of initial levels
Pricing date:Jan. 20
Settlement date:Jan. 27
Agent:Barclays
Fees:1%
Cusip:06748X6P1

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