New Issue: Barclays sells $1 million phoenix autocallable notes on Meta

Chicago, Oct. 6 – Barclays Bank plc priced $1 million of phoenix autocallable notes due Aug. 14, 2023 linked to the common stock of Meta Platforms, 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 11.3% 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.

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 of the stock, 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:	Meta Platforms, Inc.
Amount:	$1,000,000
Maturity:	Aug. 14, 2023
Coupon:	11.3% 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
Payout at maturity:	Par unless stock finishes below final barrier, in which case full exposure to decline, payable as 4.31034 shares or cash at the issuer’s option
Initial level:	$232
Coupon barrier level:	$174, 75% of initial level
Final barrier level:	$174, 75% of initial level
Pricing date:	Feb. 9
Settlement date:	Feb. 14
Agent:	Barclays
Fees:	2%
Cusip:	06741WV23

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