New Issue: Barclays sells $580,000 phoenix autocallable notes on Boeing

By Wendy Van Sickle

Columbus, Ohio, Oct. 6 – Barclays Bank plc priced $580,000 of phoenix autocallable notes Sept. 30, 2024 linked to the common stock of Boeing Co., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 15.5% if the stock closes at or above its 50% coupon barrier on a related observation date.

After six months, the notes will be called at par plus the contingent coupon if the stock closes at or above its initial level on any monthly observation date other than the final one.

The payout at maturity will be par plus any coupon unless the stock finishes below 50% of its initial value, in which case investors will be fully exposed to the stock’s decline.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Phoenix autocallable notes
Underlying stock:	Boeing Co.
Amount:	$580,000
Maturity:	Sept. 30, 2024
Coupon:	15.5% annualized, payable quarterly if stock closes at or above coupon barrier on related observation date
Price:	Par
Payout at maturity:	Par plus any coupon unless stock finishes below final barrier level, in which case full exposure to stock’s decline
Call:	After six months, at par plus contingent coupon if stock closes at or above its initial level on any monthly observation date other than the final one
Initial level:	$145.05
Coupon barriers:	$87.63, 60% of initial levels
Final barriers:	$73.02, 50% of initial levels
Pricing date:	Sept. 28
Settlement date:	Sept. 30
Agent:	Barclays
Fees:	2.25%
Cusip:	06747QKN6

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