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Published on 9/23/2020 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $4.3 million buffered PLUS linked to Nasdaq-100

By Kiku Steinfeld

Chicago, Sept. 23 – Barclays Bank plc priced $4.3 million of 0% buffered Performance Leveraged Upside Securities due Oct. 21, 2021 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 150% of the index gain, capped at $11.175 per each $10.00 note. Investors will receive par if the index finishes flat or declines by 9% or less and will lose 1% for every 1% that it declines beyond 9%.

Barclays is the agent with Morgan Stanley Wealth Management as a dealer.

Issuer:Barclays Bank plc
Issue:Buffered Performance Leveraged Upside Securities
Underlying index:Nasdaq-100
Amount:$4,300,890
Maturity:Oct. 21, 2021
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 150% of any index gain, capped at $11.175 per each $10.00 note; par if index declines by buffer or less; 1% loss for every 1% index decline beyond buffer
Initial level:11,247.60
Buffer level:10,235.316, 91% of initial level
Pricing date:Sept. 16
Settlement date:Sept. 21
Agent:Barclays with Morgan Stanley Wealth Management as a dealer
Fees:2.25%
Cusip:06747K746

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