Published on 8/16/2023 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $5.89 million Trigger PLUS linked to Euro Stoxx 50
New York, Aug. 16 – Barclays Bank plc priced $5.89 million of 0% Trigger PLUS due Aug. 3, 2029 linked to the Euro Stoxx 50 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 185% of the index return.
Investors will receive par if the index return is negative but ends at or above the 65% trigger and will lose 1% for every 1% decline if it ends below the trigger level.
Barclays is the agent. Morgan Stanley Wealth Management is the dealer.
Issuer: | Barclays Bank plc
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Issue: | Trigger PLUS
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Underlying index: | Euro Stoxx 50 index
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Amount: | $5,893,000
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Maturity: | Aug. 3, 2029
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If return of the index is positive, par plus 185% of the gain of the index; par if the index declines but finishes at or above trigger level; otherwise, 1% loss for every 1% decline of index from initial level
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Initial level: | 4,471.31
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Trigger level: | 2,906.35, 65% of initial level
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Upside leverage: | 185%
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Pricing date: | July 31
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Settlement date: | Aug. 3
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Agent: | Barclays
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Dealer: | Morgan Stanley Wealth Management
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Fees: | 3.5%
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Cusip: | 06745MST6
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