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Published on 3/12/2024 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $1.7 million autocallable fixed coupon notes on Trade Desk

Chicago, March 12 – Barclays Bank plc priced $1.7 million of autocallable fixed coupon notes due March 9, 2028 linked to the class A common stock of Trade Desk, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a 10% quarterly coupon.

The notes will be automatically called at par plus the contingent coupon if the shares close at or above the initial share price on any quarterly determination date.

If the stock finishes at or above its 50% trigger level, the payout will be par. Otherwise, investors will lose 1% for each 1% decline from the initial share price.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Autocallable fixed coupon notes
Underlying stock:Trade Desk, Inc.
Amount:$1,700,000
Maturity:March 9, 2028
Coupon:10% annual rate, payable quarterly
Price:Par
Payout at maturity:Par if stock finishes above barrier level; otherwise, lose 1% for each 1% decline from the initial share price
Call:At par plus contingent coupon if shares close at or above initial share price on any quarterly determination date
Initial share price:$81.45
Trigger level:$40.73; 50% of initial share price
Pricing date:March 5
Settlement date:March 8
Agent:Barclays
Fees:3.1%
Cusip:06745Q3N7

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