New Issue: Barclays prices $1 million capped notes linked to S&P

By Kiku Steinfeld

Chicago, March 8 – Barclays Bank plc priced $1 million of 0% capped notes due Nov. 28, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains, the payout at maturity will be par plus the return of the index, capped at par plus 35%. Otherwise, the payout will be par.

Barclays is the agent with JPMorgan as placement agent.

Issuer:	Barclays Bank plc
Issue:	Capped notes
Underlying index:	S&P 500 index
Amount:	$1 million
Maturity:	Nov. 28, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus index return, capped at par plus 35%; otherwise, par
Initial level:	4,003.58
Cap:	35%
Pricing date:	Nov. 23, 2022
Settlement date:	Nov. 29, 2022
Agent:	Barclays with JPMorgan as placement agent
Fees:	1.2%
Cusip:	06749N6Z0

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