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Published on 9/20/2022 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $781,000 leveraged buffered market-linked notes on Russell 2000

By Kiku Steinfeld

Chicago, Sept. 20 – Barclays Bank plc priced $781,000 of 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due Aug. 2, 2023 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 200% of any index gain, subject to a maximum return of 14.5%.

Investors will receive par if the index falls by up to 7.5% and will lose 1% for every 1% decline beyond 7.5%.

Wells Fargo Securities, LLC and Barclays are the agents.

Issuer:Barclays Bank plc
Issue:Market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside
Underlying index:Russell 2000
Amount:$781,000
Maturity:Aug. 2, 2023
Coupon:0%
Price:Par
Payout at maturity:Par plus 200% of any index gain, subject to a maximum return of 14.5%; par if the index falls by up to 7.5%; 1% loss for every 1% decline beyond 7.5%
Initial index level:1,968.508
Threshold level:1,820.8699, 92.5% of initial level
Pricing date:Jan. 28
Settlement date:Feb. 2
Agents:Wells Fargo Securities, LLC and Barclays
Fees:2.475%
Cusip:06748WZK2

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