New Issue: Barclays prices $8 million digital notes linked to two-year SOFR ICE Swap Rate

Chicago, Jan. 23 – Barclays Bank plc priced $8 million of 0% digital notes due Jan. 23, 2025 linked to the two-year U.S. dollar SOFR ICE Swap Rate, according to a 424B2 filing with the Securities and Exchange Commission.

If the underlying rate finishes at or above 60% of initial rate, the payout at maturity will be par plus 15%.

Otherwise, investors will lose 1.66667% for every 1% decline beyond 40%.

Barclays is the agent, with J.P. Morgan Securities LLC and JPMorgan Chase Bank, N.A. acting as placement agents.

Issuer:	Barclays Bank plc
Issue:	Digital notes
Underlying rate:	Two-year U.S. dollar SOFR ICE Swap Rate
Amount:	$8 million
Maturity:	Jan. 23, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If rate finishes at or above 60% of initial rate, par plus 15%; otherwise, 1.66667% loss for every 1% decline beyond 40%
Initial rate:	4.2185%
Buffer rate:	2.5311%; 60% of initial rate
Pricing date:	Jan. 8
Settlement date:	Jan. 11
Agent:	Barclays, with J.P. Morgan Securities LLC and JPMorgan Chase Bank, N.A. acting as placement agents
Fees:	1%
Cusip:	06745PJT9

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