Barclays Bank PLC Credit-Linked Notes Due 2024 Assigned Rating

We assigned our 'A+' rating to Barclays Bank PLC's credit-linked notes linked to the United States of America. The rating is linked to our long-term issuer credit rating on Barclays Bank PLC and the long-term sovereign credit rating on the U.S. as a synthetically referenced obligation. LONDON (S&P Global Ratings) Sept. 26, 2023--S&P Global Ratings today assigned its 'A+' credit rating to Barclays Bank PLC's $40 million credit-linked notes (CLN) linked to the United States of America (U.S.) due 2024. The notes are senior unsecured obligations of Barclays Bank PLC issued as an independent series of U.S. dollar-denominated notes under the terms of Barclays Bank PLC's offering circular (and as completed by a pricing supplement). Under the CLN, the issuer

...Reference entity United States of America Reference obligation United States of America 2.25% due Aug. 15, 2027 ISIN US9128282R06. Transaction type Standard Western European Sovereign, in accordance with the ISDA Credit Derivatives Physical Settlement Matrix (Version 30 - May 2, 2022). Obligation category Borrowed money. Obligation characteristics None, in accordance with the ISDA Credit Derivatives Physical Settlement Matrix (Version 30 - May 2, 2022)....

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