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Published on 11/3/2023 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $1.55 million market-linked securities on Dow, Nasdaq, Russell

Chicago, Nov. 3 – Barclays Bank plc priced $1.55 million of market-linked securities – callable with contingent coupon with daily observation and contingent downside due April 30, 2027 linked to the lowest performing of the Dow Jones industrial average, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent quarterly coupon at an annualized rate of 11% if each index closes at or above its coupon barrier level, 70% of its initial level, on each eligible trading day during the observation period.

The notes will be callable quarterly at par at the issuer’s option.

If each index finishes at or above its barrier level, 60% of its initial level, the payout at maturity will be par plus any final coupon.

Otherwise, investors will lose 1% for each 1% decline of the worst performing index from its initial level.

Barclays and Wells Fargo Securities, LLC are the agents.

Issuer:Barclays Bank plc
Issue:Market-linked securities – callable with contingent coupon with daily observation and contingent downside
Underlying indexes:Nasdaq-100 index, Russell 2000 index, Dow Jones industrial average
Amount:$1,554,000
Maturity:April 30, 2027
Contingent coupon:11% annual rate, payable quarterly if all three indexes close above 70% coupon barrier levels on each eligible trading day during related observation period
Price:Par
Payout at maturity:If each index finishes at or above barrier level, par plus any final coupon; otherwise, 1% loss for each 1% decline of the worst performer from initial level
Call:At par on any quarterly contingent coupon payment date at option of issuer
Initial index levels:32,417.59 for Dow, 1,636.938 for Russell, 14,180.42 for Nasdaq
Coupon barrier levels:22,692.313 for Dow, 1,145.8566 for Russell, 9,926.294 for Nasdaq; 70% of initial levels
Barrier levels:19,450.554 for Dow, 982.1628 for Russell, 8,508.252 for Nasdaq; 60% of initial levels
Pricing date:Oct. 27
Settlement date:Nov. 1
Agent:Barclays and Wells Fargo Securities, LLC
Fees:1.525%
Cusip:06745NUX2

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