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Published on 2/6/2024 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $3.11 million leveraged upside participation notes linked to Stoxx

By Wendy Van Sickle

Columbus, Ohio, Feb. 6 – Barclays Bank plc priced $3.11 million of 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due Feb. 4, 2026 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par plus 200% of the index return, subject to a maximum return of 26.5%.

If the final index level is less than or equal to the initial index level but greater than or equal to the 85% buffer level, the payout will be par.

Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.

Wells Fargo Securities, LLC and Barclays are the agents.

Issuer:Barclays Bank plc
Issue:Market-linked securities – upside participation to a cap and fixed percentage buffered downside
Underlying index:Euro Stoxx 50 index
Amount:$3,108,000
Maturity:Feb. 4, 2026
Coupon:0%
Price:Par
Payout at maturity:If final index level is greater than initial index level, par plus 200% of index return, subject to maximum return of 26.5%; if final index level is less than or equal to initial index level but greater than or equal to buffer level, par; otherwise, 1% loss for every 1% that index declines beyond 15%
Initial level:4,662.7
Buffer level:3,963.295, or 85% of initial level
Pricing date:Jan. 30
Settlement date:Feb. 2
Agents:Wells Fargo Securities, LLC and Barclays
Fees:2.67%
Cusip:06745PEF4

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