New Issue: Barclays sells $444,000 autocallable contingent coupon notes on Walgreens Boots

By Kiku Steinfeld

Chicago, April 8 – Barclays Bank plc priced $444,000 of autocallable contingent coupon notes due July 10, 2025 linked to Walgreens Boots Alliance, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon of at a 12% annualized rate if the stock closes at or above its 65% coupon barrier value on the related observation date, plus any previously unpaid coupon.

The notes will be callable at par if the stock closes at or above its initial level on any quarterly call date starting Jan. 8, 2024.

The payout at maturity will be par unless the stock finishes below 65% of initial level, in which case investors will receive 34.36426 Walgreens Boots shares per note or the cash equivalent.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable contingent coupon notes
Underlying stock:	Walgreens Boots Alliance, Inc.
Amount:	$444,000
Maturity:	July 10, 2025
Contingent coupon:	12% per year, payable quarterly if stock closes at or above 65% of initial level on related observation date, plus any previously unpaid coupon
Price:	Par
Payout at maturity:	Par unless stock finishes below 65% of initial level, in which case 34.36426 Walgreens Boots shares per note or the cash equivalent
Call:	At par if stock closes at or above its initial level on any quarterly observation date starting Jan. 8, 2024.
Initial stock level:	$29.10
Final barrier level:	$18.92, 65% of initial levels
Pricing date:	July 7, 2023
Settlement date:	July 12, 2023
Agent:	Barclays
Fees:	1.75%
Cusip:	06741W6E5

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