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

New Issue: Barclays prices $250,000 buffered autocallable fixed-coupon notes tied to three stocks

Chicago, Feb. 1 – Barclays Bank plc priced $250,000 of 8% buffered autocallable fixed-coupon notes due Jan. 14, 2025 linked to the least performing of the stocks of Apple Inc., Amazon.com, Inc. and Alphabet Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be paid quarterly.

The notes will be called at par plus the coupon if the laggard stock closes above its initial level on any quarterly call valuation date after six months.

Investors will receive par if the laggard stock finishes above 75% of its initial level.

If the laggard stock finishes below 75% of its initial level, investors will lose 1% for each 1% decline of the laggard stock beyond the 25% buffer.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Buffered autocallable notes
Underlying stocks:Apple Inc. (Ticker: AAPL), Amazon.com, Inc. (Ticker: AMZN) and Alphabet Inc. (Ticker: GOOG)
Amount:$250,000
Maturity:Jan. 14, 2025
Coupon:8% annual rate, payable quarterly
Price:Par
Payout at maturity:Par if laggard stock finishes above buffer level; otherwise, 1% loss for each 1% decline beyond buffer
Call:Automatically at par plus coupon if laggard stock closes above initial level on any quarterly call valuation date after six months
Initial levels:$185.14 for Apple, $151.37 for Amazon, $142.56 for Alphabet
Buffer levels:$138.86 for Apple, $113.53 for Amazon, $106.92 for Alphabet; 75% of initial levels
Pricing date:Jan. 9
Settlement date:Jan. 12
Agent:Barclays
Fees:0%
Cusip:06745PK34

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