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Published on 2/13/2024 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $500,000 digital notes on three ETFs

Chicago, Feb. 13 – Barclays Bank plc priced $500,000 of 0% digital notes due Nov. 30, 2026 linked to the least performing of the iShares S&P 500 Value ETF, the iShares Russell 2000 ETF and the SPDR S&P 500 ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If all three ETFs close above their initial levels, investors will receive par plus 30% at maturity.

Otherwise, investors will receive par.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Digital notes
Underlying ETFs:iShares S&P 500 Value ETF, iShares Russell 2000 ETF and SPDR S&P 500 ETF
Amount:$500,000
Maturity:Nov. 30, 2026
Coupon:0%
Price:Par
Payout at maturity:Par plus 30% if all three ETFs finish positive; otherwise, par
Call:Non-callable
Initial prices:$151.54 for iShares S&P, $177.42 for Russell, $414.09 for SPDF S&P
Strike date:May 23, 2023
Pricing date:May 26, 2023
Settlement date:June 1, 2023
Agent:Barclays
Fees:0.3%
Cusip:06745MEK0

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