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Published on 5/18/2022 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $822,360 PLUS linked to Russell 2000

By Kiku Steinfeld

Chicago, May 18 – Barclays Bank plc priced $822,360 of 0% PLUS due Feb. 3, 2023 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the index is positive, the payout at maturity will be par plus 300% of the index gain, subject to a maximum return of par plus 17.1%. Investors will lose 1% for every 1% that the index declines.

Barclays is the agent.

Morgan Stanley Wealth Management is a selected dealer.

Issuer:Barclays Bank plc
Issue:PLUS
Underlying index:Russell 2000 index
Amount:$822,360
Maturity:Feb. 3, 2023
Coupon:0%
Price:Par of $10
Payout at maturity:If return of index is positive, par plus 300% of the gain, subject to a maximum return of par plus 17.1%; 1% loss for every 1% that index declines
Initial level:2,265.654
Upside leverage:300%
Cap:17.1%
Pricing date:Oct. 15, 2021
Settlement date:Oct. 20, 2021
Agent:Barclays
Selected dealer:Morgan Stanley Wealth Management
Fees:2.25%
Cusip:06747X193

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