By Wendy Van Sickle
Columbus, Ohio, Nov. 6 – Barclays Bank plc priced $1.3 million of 0% buffered jump securities due Dec. 3, 2020 linked to the 10-year U.S. dollar ICE swap rate, according to a 424B2 filing with the Securities and Exchange Commission.
If the final swap rate is greater than or equal to the threshold swap rate, 85% of the initial swap rate, the payout at maturity will be par plus the fixed percentage of 12%.
Investors will lose 1% for every 1% decline in the swap rate beyond 15%.
Barclays Capital Inc. is the agent. Morgan Stanley Wealth Management is a dealer.
| Issuer: | Barclays Bank plc
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| Issue: | Buffered jump securities
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| Underlying rate: | 10-year U.S. dollar ICE swap rate
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| Amount: | $1.3 million
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| Maturity: | Dec. 3, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is at least 85% of initial swap rate, par plus fixed return of 12%; 1% loss for each 1% decline beyond 15%
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| Initial swap rate: | 1.611%
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| Threshold swap rate: | 1.369%, 85% of initial rate
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| Pricing date: | Oct. 31
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| Settlement date: | Nov. 5
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| Agent: | Barclays Capital Inc.
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 1.5%
|
| Cusip: | 06747NMQ4
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