New Issue: Barclays sells $638,000 autocallable contingent coupon notes on Lumen

By Kiku Steinfeld

Chicago, Sept. 26 – Barclays Bank plc priced $638,000 of autocallable contingent coupon notes due Feb. 5, 2025 linked to the common stock of Lumen Technologies, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at a 15.3% annualized rate if the stock closes at or above its 65% coupon barrier value on the related observation date.

The notes will be called at par if the stock closes at or above its initial share price on any quarterly call date.

The payout at maturity will be par unless the stock finishes below 65% of its initial share price, in which case investors will lose 1% for each 1% decline from the initial level.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable contingent coupon notes
Underlying stock:	Lumen Technologies, Inc.
Amount:	$638,000
Maturity:	Feb. 5, 2025
Contingent coupon:	15.3% per year, payable quarterly if stock closes at or above coupon barrier level on related observation date
Price:	Par
Payout at maturity:	Par unless stock finishes below barrier level, in which case 1% loss for each 1% decline from initial level
Call:	At par if stock closes at or above initial share price on any quarterly observation date
Initial share price:	$12.36
Coupon barrier level:	$8.03, 65% of initial share price
Barrier level:	$8.03, 65% of initial share price
Pricing date:	Jan. 31
Settlement date:	Feb. 7
Agent:	Barclays
Fees:	2.75%
Cusip:	06748XBM2

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