New Issue: Barclays prices $500,000 barrier digital notes on stocks

By Kiku Steinfeld

Chicago, July 28 – Barclays Bank plc priced $500,000 of 0% barrier digital notes due Dec. 26, 2023 linked to the performance of the Bill.com Holdings, Inc., Illumina, Inc. and PayPal Holdings, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If each underlier finishes at or above 60% of its initial level, the payout at maturity will be par plus 27.25%.

Otherwise, investors will be fully exposed to the decline of the worst performer from its initial level.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Barrier digital notes
Underlying assets:	Bill.com Holdings, Inc., Illumina, Inc. and PayPal Holdings, Inc.
Amount:	$500,000
Maturity:	Dec. 26, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each underlier finishes at or above barrier level, par plus 27.25%; otherwise, 1% loss for every 1% decline of worst performer from initial level
Initial levels:	$93.30 for Bill, $211.83 for Illumina, $74.66 for PayPal
Barrier levels:	$55.98 for Bill, $127.10 for Illumina, $44.80 for PayPal; 60% of initial levels
Pricing date:	Feb. 21, 2023
Settlement date:	Feb. 24, 2023
Agent:	Barclays
Fees:	2.5%
Cusip:	06749NSE3

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