New York, Feb. 22 – Barclays Bank plc priced $17.97 million of 0% dual directional buffered PLUS due March 4, 2026 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout will be par plus 200% of the index return subject to a maximum return of par plus 24.1%.
The payout will be par plus the absolute value of the index return if it declines but by no more than the 10% buffer.
Investors will lose 1% for every 1% that the index declines beyond the buffer.
The securities are non-callable.
Barclays is the agent. Morgan Stanley Wealth Management is a dealer.
| Issuer: | Barclays Bank plc
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| Issue: | Dual directional buffered PLUS
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| Underlying index: | Russell 2000 index
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| Amount: | $17,969,000
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| Maturity: | March 4, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus 200% of its return subject to a maximum return of par plus 24.1%; par plus absolute value of return if index declines but by no more than the 10% buffer; 1% loss for every 1% that index declines beyond buffer
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| Upside leverage: | 200%
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| Cap: | 24.1%
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| Buffer level: | 1,810.8918, 90% of initial level
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| Call: | Non-callable
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| Initial level: | 2,012.102
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| Pricing date: | Feb. 14
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| Settlement date: | Feb. 20
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| Agent: | Barclays
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| Selected dealer: | Morgan Stanley Wealth Management
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| Fees: | 2%
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| Cusip: | 06745PPT2
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