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Published on 12/14/2023 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $6 million autocallable leveraged notes linked to Russell 2000

By Wendy Van Sickle

Columbus, Ohio, Dec. 14 – Barclays Bank plc priced $6 million of 0% autocallable leveraged notes due Dec. 11, 2025 linked to the Russell 2000 index, according to a 424B2 filing with the Notes and Exchange Commission.

The notes will be called at par plus a premium of 12% if the index closes at or above 105% of the initial level on Dec. 16, 2024.

If the notes are not called and the index finishes at or above its initial level, the payout at maturity will be par plus 2.82 times the index return.

Investors will be fully exposed to any index decline.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Autocallable leveraged notes
Underlying index:Russell 2000 index
Amount:$6,001,000
Maturity:Dec. 11, 2025
Coupon:0%
Price:Par
Payout at maturity:If notes are not called and index finishes at or above initial level, par plus 2.82 times index gain; otherwise, full exposure to losses
Call:Automatically at par plus 12% if index closes at or above call level on Dec. 16, 2024
Initial index level:1,868.251
Call level:1,961.66, 105% of initial level
Pricing date:Dec. 7
Settlement date:Dec. 12
Agent:Barclays
Fees:0.6%
Cusip:06745PA50

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