The Russell 2000 Index (Bloomberg ticker: RTY <Index>), the Nasdaq-100 Index (Bloomberg ticker: NDX <Index>) and the S&P 500 Index (Bloomberg ticker: SPX <Index>) (each, a 'Reference Asset')
For each Reference Asset, 70.00% of its Initial Value
For each Reference Asset, 80.00% of its Initial Value
Contingent Coupon Amount:
$21.25 per quarter (based on 8.50% per annum rate), to be determined on the Initial Valuation Date.
Selected Structure Definitions
The notes cannot be redeemed for approximately the first six months after the Issue Date. If, on any Call Valuation Date, the Closing Value of each Reference Asset is greater than or equal to its Call Value, the notes will be automatically redeemed and you will receive a cash payment per $1,000 principal amount of notes on the related Call Settlement Date equal to the Redemption Price. No further amounts will be payable on the notes after the Call Settlement Date.
Contingent Coupons and Unpaid Coupon Amounts:
If the Closing Value of each Reference Asset on an Observation Date is greater than or equal to its respective Coupon Barrier Value, a Contingent Coupon will become payable on the related Contingent Coupon Payment Date.
If a Contingent Coupon does not become payable with respect to an Observation Date (i.e., because the Closing Value of any Reference Asset on such Observation Date is less than its respective Coupon Barrier Value), the Contingent Coupon that would have otherwise been payable with respect to such Observation Date will become an Unpaid Coupon Amount
On each Contingent Coupon Payment Date, if a Contingent Coupon is payable on such date, you will receive:
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the Contingent Coupon that is payable on such Contingent Coupon Payment Date; plus
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any Unpaid Coupon Amounts that have not already been paid on a previous Contingent Coupon Payment Date
If a Contingent Coupon is not payable with respect to an Observation Date, you will not receive a Contingent Coupon on the related Contingent Coupon Payment Date, nor will you receive any Unpaid Coupon Amounts that accrued on any prior Observation Date
If the Notes are redeemed prior to scheduled maturity, and if you hold the Notes to maturity, you will receive on the Maturity Date a cash payment per $1,000 principal amount of notes (in addition to any Contingent Coupon and/or Unpaid Coupon Amounts that may be payable on such date) equal to:
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If the Final Value of the Least Performing Reference Asset is greater than or equal to its Barrier Value, $1,000 per $1,000 principal amount note
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If the Final Value of the Least Performing Reference Asset is less than its Barrier Value, an amount calculated as follows:
$1,000 + [$1,000 × Reference Asset Return of the Least Performing Reference Asset]
If the Final Value of the Least Performing Reference Asset is less than its Barrier Value, you will be fully exposed to the decline of the Least Performing Reference Asset from its Initial Value. You may lose up to 100.00% of the principal amount of your notes at maturity.
$1,000 per $1,000 principal amount note that you hold, plus (i) the Contingent Coupon that will otherwise be payable on the Call Settlement Date and (ii) any Unpaid Coupon Amounts that have accrued but have not yet been paid.
All terms that are not defined in this fact sheet shall have the meanings set forth in the accompanying preliminary pricing supplement dated March 30, 2023 (the 'Pricing Supplement'). All terms set forth or defined herein, including all prices, levels, values and dates, are subject to adjustment as described in the accompanying Pricing Supplement. In the event that any of the terms set forth or defined in this fact sheet conflict with the terms as described in the accompanying Pricing Supplement, the terms described in the accompanying Pricing Supplement shall control.
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Hypothetical Payment at Maturity
The Closing Value of the Reference Assets on the Initial Valuation Date.
The Closing Value of the Reference Assets on the Final Valuation Date.
The notes are not suitable for all investors. You should read carefully the accompanying Pricing Supplement (together with all documents incorporated by reference therein) for more information on the risks associated with investing in the notes. Any payment on the notes, including any repayment of principal, is not guaranteed by any third party and is subject to (a) the creditworthiness of Barclays Bank PLC and (b) the risk of exercise of any U.K. Bail-in Power, as further described in the accompanying Pricing Supplement.
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