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Published on 2/28/2024 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $1.43 million barrier SuperTrack notes linked to Nasdaq, Dow

Chicago, Feb. 28 – Barclays Bank plc priced $1.43 million of 0% barrier SuperTrack notes due Feb. 5, 2027 linked to the lesser performing of the Nasdaq-100 index and the Dow Jones industrial average, according to a 443B2 filing with the Securities and Exchange Commission.

If the lesser-performing index’s return is positive, the payout at maturity will be par plus 1.59 times the lesser-performing index’s return. If the lesser-performing index declines by 30% or less, the payout will be par. If it declines by more than 30%, investors will lose 1% for each 1% that the lesser-performing index declines from its initial level.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Barrier SuperTrack notes
Underlying indexes:Nasdaq-100 index and Dow Jones industrial average
Amount:$1,430,000
Maturity:Feb. 5, 2027
Coupon:0%
Price:Par
Payout at maturity:If lesser-performing index’s return is positive, par plus 1.59 times the lesser-performing index’s return; if lesser-performing index’s final level is less than or equal to initial level but greater than or equal to barrier level, par; if lesser-performing index’s final level is less than barrier level, 1% loss for every 1% that lesser-performing index declines from initial level
Initial level:17,642.73 for Nasdaq, 38,654.42 for Dow
Barrier levels:12,349.91 for Nasdaq, 27,058.09 for Dow; 70% of initial levels
Pricing date:Feb. 2
Settlement date:Feb. 7
Agent:Barclays
Fees:0.6%
Cusip:06745PR78

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