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Published on 3/22/2024 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $1 million autocallable notes on Russell, Nasdaq, Dow

Chicago, March 22 – Barclays Bank plc priced $1 million of autocallable notes due March 4, 2027 linked to the performance of the Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus an annualized 13.5% call premium if the indexes close above their initial levels on any quarterly call date after one year.

If the notes are not called and each index finishes above the 70% barrier level, the payout at maturity will be par. Otherwise, investors will be fully exposed to the worst performer’s decline from its initial level.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Autocallable notes
Underlying assets:Russell 2000 index, Nasdaq-100 index, Dow Jones industrial average
Amount:$1,000,000
Maturity:March 4, 2027
Coupon:0%
Price:Par
Payout at maturity:Par unless any index finishes below 70% of its initial level, in which case investors will be fully exposed to the loss of the least performing index
Call:Automatically at par plus an annualized 13.5% call premium if each index closes above initial level on any quarterly call date after one year
Initial levels:2,076.395 for Russell, 18,302.91 for Nasdaq, 39,087.38 for Dow
Final barriers:1,453.48 for Russell, 12,812.04 for Nasdaq, 27,361.17 for Dow; 70% of initial levels
Pricing date:March 1
Settlement date:March 6
Agent:Barclays
Fees:0.75%
Cusip:06745PYF2

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