New Issue: Barclays prices $500,000 autocallable fixed-coupon notes on Snowflake

Chicago, Feb. 14 – Barclays Bank plc priced $500,000 of 8.5% autocallable fixed-coupon notes due Jan. 4, 2027 linked to the common stock of Snowflake 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 quarterly call valuation date after six months

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 per note equal to $1,000 divided by the stock’s initial level or the cash equivalent.

Barclay is the agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable fixed-coupon notes
Underlying stock:	Snowflake Inc.
Amount:	$500,000
Maturity:	Jan. 4, 2027
Coupon:	8.5% per year, payable monthly
Price:	Par
Payout at maturity:	Par unless stock finishes below barrier level, in which case investors will receive 5.02513 shares per note or the cash equivalent at the issuer’s option
Call:	At par if stock closes at or above initial level on any quarterly call valuation date after six months
Initial level:	$199.00
Barrier level:	$99.50; 50% of initial level
Pricing date:	Dec. 29, 2023
Settlement date:	Jan. 4, 2024
Agent:	Barclays
Fees:	3%
Cusip:	06744ECN5

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