By William Gullotti
Buffalo, N.Y., Aug. 10 – Barclays Bank plc priced $9.39 million of 0% trigger jump securities due Nov. 2, 2022 linked to the shares of United States Steel Corp., according to a 424B2 filing with the Securities and Exchange Commission.
If the final stock price is greater than or equal to the initial stock price, the payout at maturity will be par plus 46%.
If the final stock price is less than the initial stock price but greater than or equal to the 80% trigger level, the payout will be par.
If the final stock price is less than the trigger level, investors will be exposed to the decline from the initial stock price.
Barclays is the agent with Morgan Stanley Wealth Management as selected dealer.
| Issuer: | Barclays Bank plc
|
| Issue: | Trigger jump securities
|
| Underlying stock: | United States Steel Corp.
|
| Amount: | $9,387,370
|
| Maturity: | Nov. 2, 2022
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the final stock price is greater than or equal to the initial stock price, par plus 46%; if the final stock price is less than the initial stock price but greater than or equal to the trigger level, par; otherwise, investors will be exposed to the decline from the initial stock price
|
| Initial stock price: | $24.55
|
| Trigger level: | $19.64; 80% of initial level
|
| Pricing date: | July 28
|
| Settlement date: | Aug. 2
|
| Agent: | Barclays
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.25%
|
| Cusip: | 06747W328
|
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