New Issue: Barclays prices $18.98 million trigger PLUS tied to iShares Silver trust

By Wendy Van Sickle

Columbus, Ohio, Jan. 6 – Barclays Bank plc priced $18.98 million of 0% trigger Performance Leveraged Upside Securities due Jan. 3, 2024 linked to the iShares Silver trust, according to a 424B2 with the Securities and Exchange Commission.

If the final ETF level is greater than the initial ETF level, the payout at maturity will be par of $10 plus 300% of the ETF return, capped at par plus 75%. If the ETF declines by 20% or less, the payout will be par. If the ETF declines by more than 20%, investors will lose 1% for every 1% that the ETF declines from its initial level.

Barclays is the agent. Distribution is through Morgan Stanley Wealth Management.

Issuer:	Barclays Bank plc
Issue:	Trigger Performance Leveraged Upside Securities
Underlying ETF:	iShares Silver trust
Amount:	$7,015,550
Maturity:	Jan. 3, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the final ETF level is greater than the initial ETF level, the payout at maturity will be par of $10 plus 300% of the ETF return up to par plus 75%; if the ETF declines by 20% or less, the payout will be par; if the ETF declines by more than 20%, investors will lose 1% for every 1% that the ETF declines from its initial level
Initial ETF level:	$24.76
Trigger level:	$19.81, 80% of initial level
Pricing date:	Dec. 30
Settlement date:	Jan. 5
Agent:	Barclays
Distribution:	Morgan Stanley Wealth Management
Fees:	3%
Cusip:	06747L579

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