New Issue: Barclays sells $5.64 million phoenix autocallable notes on Citigroup

Chicago, March 8 – Barclays Bank plc priced $5.64 million of phoenix autocallable notes due Jan. 24, 2023 linked to the common stock of Citigroup Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 11.5% if the stock closes at or above its 75% coupon barrier on a related observation date.

The notes will be called at par plus the contingent coupon if the stock closes at or above its initial level on any quarterly call observation date after six months.

The payout at maturity will be par unless the stock finishes below 75% of its initial value in which case investors will be fully exposed to the decline, payable either in shares or cash at the issuer’s option.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Phoenix autocallable notes
Underlying stock:	Citigroup Inc.
Amount:	$5,637,000
Maturity:	Jan. 24, 2023
Coupon:	11.5% annualized, payable quarterly if stock closes at or above coupon barrier on related observation date
Price:	Par
Call:	Automatically at par plus contingent coupon if stock closes at or above initial level on any quarterly call observation date after six months
Payout at maturity:	Par unless stock finishes below final barrier, in which case full exposure to decline, payable in either shares or cash at issuer’s option
Initial level:	$61.33
Coupon barrier level:	$46.00, 75% of initial level
Final barrier level:	$46.00, 75% of initial level
Pricing date:	Jan. 22
Settlement date:	Jan. 27
Agent:	Barclays
Fees:	1.75%
Cusip:	06741WPM6

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