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Published on 6/2/2023 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $1.15 million leveraged upside participation market-linked notes on S&P

Chicago, June 2 – Barclays Bank plc priced $1.15 million of 0% market-linked securities with leveraged upside participation to a cap and fixed-percentage buffered downside due June 2, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 200% times any gain in the index, up to par plus 29%.

If the index falls by up to 20%, the payout will be par.

Otherwise, investors will lose 1% for every 1% decline of the index beyond 20%.

Wells Fargo Securities, LLC and Barclays Capital Inc. 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:S&P 500 index
Amount:$1,153,000
Maturity:June 2, 2026
Coupon:0%
Price:Par
Payout at maturity:Par plus 200% times any gain in index, up to par plus 29%; if index falls by up to 20%, par; otherwise, 1% loss for every 1% decline of index beyond 20%
Initial level:4,205.52
Barrier level:3,364.416, 80% of initial level
Pricing date:May 30
Settlement date:June 2
Agents:Barclays Capital Inc. and Wells Fargo Securities LLC
Fees:3%
Cusip:06745M6F0

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