New Issue: Barclays sells $1.56 million PLUS linked to Russell 2000

By Kiku Steinfeld

Chicago, Jan. 6 – Barclays Bank plc priced $1.56 million of 0% Performance Leveraged Upside Securities due Feb. 16, 2023 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus triple the return of the index, subject to a maximum payout of par plus 16.35%. Otherwise, investors will lose 1% for every 1% that the index declines from its initial level.

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

Issuer:	Barclays Bank plc
Issue:	Performance Leveraged Upside Securities
Underlying index:	Russell 2000 index
Amount:	$1,557,890
Maturity:	Feb. 16, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index finishes above initial level, par plus three times index return capped at par plus 16.35%; otherwise, 1% loss for each 1% decline of index from initial level
Initial level:	2,411.776
Pricing date:	Nov. 12
Settlement date:	Nov. 17
Agent:	Barclays
Selected dealer:	Morgan Stanley Wealth Management
Fees:	2.25%
Cusip:	06747Y746

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