New Issue: Barclays sells $499,000 phoenix autocallable notes on Tesla

By Kiku Steinfeld

Chicago, July 6 – Barclays Bank plc priced $499,000 of phoenix autocallable notes due Feb. 13, 2026 linked to the common stock of Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 25.5% if the stock closes at or above its 60% coupon barrier level 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 monthly call date after six months.

The payout at maturity will be par unless the stock finishes below 65% of its initial value, in which case investors will be fully exposed to the decline of the stock.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Phoenix autocallable notes
Underlying stock:	Tesla, Inc.
Amount:	$499,000
Maturity:	Feb. 13, 2026
Coupon:	25.5% annualized, payable monthly if stock closes at or above coupon barrier level on related observation date
Price:	Par
Payout at maturity:	Par unless stock finishes below final barrier level, in which case investors will be fully exposed to decline of stock
Call:	At par plus contingent coupon if stock closes at or above initial level on any monthly call date after six months
Initial level:	$196.89
Coupon barrier level:	$127.9, 65% of initial level
Final barrier level:	$127.9, 65% of initial level
Pricing date:	Feb. 10, 2023
Settlement date:	Feb. 15, 2023
Agent:	Barclays
Fees:	3.25%
Cusip:	06749NQN5

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