New Issue: Barclays sells $2.55 million autocallable leveraged barrier notes on S&P

By Kiku Steinfeld

Chicago, March 18 – Barclays Bank plc priced $2.55 million of autocallable leveraged barrier notes due July 3, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus an 11.5% premium if the index closes above its initial level on July 2, 2024.

If the notes are not called and the index finishes above its initial level, the payout at maturity will be par plus 1.5 times the gain. If the index finishes flat or falls by up to 30% of its initial level, the payout will be par. Otherwise, investors will be fully exposed to the decline.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable leveraged barrier notes
Underlying index:	S&P 500 index
Amount:	$2,551,000
Maturity:	July 3, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any index gain; par if index finishes flat or falls by up to 30%; otherwise, exposure to decline
Call:	At par plus 11.5% if the index closes above initial level on July 2, 2024
Initial level:	4,450.38
Barrier level:	3,115.27, 70% of initial level
Pricing date:	June 30, 2023
Settlement date:	July 6, 2023
Agent:	Barclays
Fees:	0.8%
Cusip:	06745MHF8

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