New Issue: Barclays prices $530,000 autocallable fixed-coupon notes on Enphase Energy

By Kiku Steinfeld

Chicago, Feb. 8 – Barclays Bank plc priced $530,000 of 18.25% autocallable fixed-coupon notes due Nov. 15, 2023 linked to the common stock of Enphase Energy Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The notes will be automatically called at par if the stock closes at or above its initial level on any semiannual call date.

If the notes are not called, the payout at maturity will be par unless the stock finishes below 50% of its initial level, in which cases investors will receive a number of shares equal to $10,000 divided by that stock’s initial share price or the cash equivalent at the issuer’s option.

Barclay is the agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable fixed-coupon notes
Underlying stock:	Enphase Energy Inc.
Amount:	$530,000
Maturity:	Nov. 15, 2023
Coupon:	18.25% per year, payable monthly
Price:	Par of $10,000
Payout at maturity:	Par unless stock finishes below barrier level, in which case investors will receive 35.11853 shares or the cash equivalent at the issuer’s option
Call:	At par if stock closes at or above initial level on any semiannual call date
Initial level:	$284.75
Barrier level:	$142.38, 50% of initial level
Pricing date:	Nov. 9, 2022
Settlement date:	Nov. 15, 2022
Agent:	Barclays
Fees:	1%
Cusip:	06741WXZ8

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