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Published on 2/1/2024 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $1.69 buffered digital notes tied to S&P, Russell

By William Gullotti

Buffalo, N.Y., Feb. 1 – Barclays Bank plc priced $1.69 of 0% buffered digital notes due Jan. 22, 2026 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above 85% of its initial level, the payout at maturity will be par plus 18.5%.

Otherwise, investors will lose 1% for every 1% decline of the worst performer beyond 15%.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Buffered digital notes
Underlying indexes:S&P 500 index, Russell 2000 index
Amount:$1,685,000
Maturity:Jan. 22, 2026
Coupon:0%
Price:Par
Payout at maturity:If each index finishes at or above 85% of its initial level, par plus 18.5%; otherwise, 1% loss for every 1% decline of worst performer beyond 15%
Initial levels:4,739.21 for S&P, 1,913.166 for Russell
Buffer levels:4,028.33 for S&P, 1,626.19 for Russell; 85% of initial levels
Pricing date:Jan. 17
Settlement date:Jan. 22
Agent:Barclays
Fees:0.75%
Cusip:06745PJR3

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