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Published on 2/9/2024 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $12.03 million 8% fixed coupon buffered notes tied to Russell, Nasdaq

By Wendy Van Sickle

Columbus, Ohio, Feb. 9 – Barclays Bank plc priced $12.03 million of 8% fixed coupon buffered notes due July 1, 2025 linked to the performance of the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

If each index finishes at or above the 80% buffer level, the payout at maturity will be par plus the final coupon.

Otherwise, investors will lose 1.25% for every 1% decline of the laggard index beyond 20%.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Fixed coupon buffered notes
Underlying indexes:Russell 2000 index and Nasdaq-100 index
Amount:$12,025,000
Maturity:July 1, 2025
Coupon:8%, payable monthly
Price:Par
Payout at maturity:Par plus the coupon unless the laggard index finishes below buffer level, in which case lose 1.25% for each 1% decline of laggard index beyond buffer
Initial levels:17,421.01 for Nasdaq, 1,978.331 for Russell
Buffer levels:13,936.81 for Nasdaq, 1,582.67 for Russell; 80% of initial levels
Pricing date:Jan. 29
Settlement date:Jan. 31
Agent:Barclays
Fees:0%
Cusip:06745PQ46

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