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Published on 10/10/2017 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $9.95 million PLUS linked to Financial Select Sector

By Marisa Wong

Morgantown, W.Va., Oct. 10 – Barclays Bank plc priced $9.95 million of 0% Performance Leveraged Upside Securities due Nov. 1, 2018 linked to the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 300% of any fund gain, up to a maximum return of 13.8%.

Investors will be exposed to any losses.

Barclays is the agent with Morgan Stanley Wealth Management handling distribution.

Issuer:Barclays Bank plc
Issue:Performance Leveraged Upside Securities
Underlying fund:Financial Select Sector SPDR fund
Amount:$9,949,300
Maturity:Nov. 1, 2018
Coupon:0%
Price:Par
Payout at maturity:Par plus 300% of any fund gain, up to a maximum return of 13.8%; investors will be exposed to any losses
Initial price:$25.86
Pricing date:Sept. 29
Settlement date:Oct. 4
Agent:Barclays
Dealer:Morgan Stanley Wealth Management
Fees:2.25%
Cusip:06746M800

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