New Issue: Barclays prices $290,000 autocallable notes tied to S&P, Russell, Nasdaq

By Kiku Steinfeld

Chicago, Oct. 10 – Barclays Bank plc priced $290,000 of autocallable notes due March 29, 2027 linked to the least performing index of the S&P 500 index, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus an annualized 10.25% call premium if the indexes close at or above their initial levels on any annual valuation date.

If the notes are not called, the payout at maturity will be par if each index finishes above the 75% barrier level. Otherwise, investors will be fully exposed to the decline of the worst performing index from its initial level.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable notes
Underlying assets:	S&P 500 index, Nasdaq-100 index and Russell 2000 index
Amount:	$290,000
Maturity:	March 29, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	At par if each index finishes above its barrier level; otherwise, full exposure to loss of least performing index
Call:	At par plus annualized 10.25% call premium if indexes close at or above their initial levels on any annual valuation date
Initial levels:	3,970.99 for S&P, 1,734.923 for Russell and 12,767.05 for Nasdaq
Barrier levels:	2,978.24 for S&P, 1,301.19 for Russell and 9,575.29 for Nasdaq, 75% of initial levels
Pricing date:	March 24, 2023
Settlement date:	March 29, 2023
Agent:	Barclays
Fees:	2.65%
Cusip:	06749NVY5

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