Causeway Securities S&P 500 3 Year Defensive Deposit Plan – June 2023

English law governed deposit

Barclays Bank PLC (www.barx-is.com). The PRIIP manufacturer is also the product  issuer. Call +44 (0) 20 7116 9000 for more information.

The product is designed to provide a return in the form of (1) conditional coupon  payments and (2) a cash payment on termination of the product. The product has a fixed  term and will terminate on the maturity date, unless terminated early.

Early termination  following an autocall: The product will terminate prior to the  maturity date if, on any autocall observation date, the reference level is at or above the autocall barrier level. On any such early termination, you will on the immediately  following autocall payment date receive, in addition to any final coupon payment, a  cash payment equal to the autocall payment of GBP 1. No coupon payments will be  made on any date after such autocall payment date. The relevant dates are shown in  the table(s) in the key information document.

Coupon: If the product has not terminated early, on each coupon payment date you  will receive the applicable coupon payment if the reference level is at or above the  coupon barrier level on the immediately preceding coupon observation date. If this  condition is not met, you will receive no coupon payment on such coupon payment  date. The relevant dates and coupon payments are shown in the table(s) in the key information document

Termination on the maturity date: If the product has not terminated early, on the  maturity date you will receive GBP 1.

Under the product terms, certain dates specified above and below will be adjusted if  the respective date is either not a business day or not a trading day (as applicable).  Any adjustments may affect the return, if any, you receive.

The product terms also provide that if certain exceptional events occur (1) adjustments may be made to the product and/or (2) the product issuer may terminate the product  early. These events are specified in the product terms and principally relate to the  underlying, the product and the product issuer. The return (if any) you receive on such  early termination is likely to be different from the scenarios described above and may  be less than the amount you invested.

When purchasing this product during its lifetime, the purchase price may include accrued coupon on a pro rata basis.

For display purposes numbers within this document have been cut off at 4 decimal places.

The product is intended to be offered to retail investors who fulfil all of the criteria below:

1. they have the ability to make an informed investment decision through sufficient  knowledge and understanding of the product and its specific risks and rewards, either  independently or through professional advice, and they may have experience of investing in and/or holding a number of similar products providing a similar market exposure;

2. they seek income, capital growth and/or full protection of the product notional  amount, subject to the issuer’s ability to pay, expect the movement in the underlying to  perform in a way that generates a favourable return, have an investment horizon of the recommended holding period specified in the key information document and understand that the product may  terminate early;

3. they accept the risk that the issuer could fail to pay or perform its obligations under  the product but otherwise they are not able to bear any loss of their investment; and

4. they are willing to accept a level of risk to achieve potential returns that is consistent with the summary risk indicator shown in the key information document.

The product is not intended to be offered to retail clients who do not fulfil these criteria.