Barclays Bank PLC Credit-Linked Notes Due 2031 Assigned Rating

We assigned our 'A+' rating to Barclays Bank PLC's credit-linked notes linked to Israel. The rating is linked to our long-term ICR on Barclays Bank PLC and the long-term sovereign credit rating on Israel as a synthetically referenced obligation. LONDON (S&P Global Ratings) April 18, 2024--S&P Global Ratings today assigned its 'A+' credit rating to Barclays Bank PLC's $30 million credit-linked notes (CLN) linked to Israel due 2031. 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 buys protection on Israel from the investors. The rating on the CLN

...Reference entity State of Israel Reference obligation Israel $800 million 6.5% medium-term notes series 27 due Nov. 6 2031 ISIN XS2715285230. Transaction type Standard emerging European and middle eastern sovereign, in accordance with the ISDA Credit Derivatives Physical Settlement Matrix (Version 30 - May 2, 2022). Obligation category Bond Obligation characteristics Not subordinatedNot domestic currencyNot domestic lawNot domestic issuance Deliverable obligation category Bond Deliverable obligation characteristics Not subordinatedSpecified currencyNot domestic lawNot contingentNot domestic issuanceTransferableNot bearer...

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