By William Gullotti
Buffalo, N.Y., March 11 – Barclays Bank plc priced $26.41 million of 0% autocallable trigger Performance Leveraged Upside Securities due March 4, 2026 linked to the Russell 2000 index, according to a 424B2 with the Securities and Exchange Commission.
The securities will be called automatically at par plus a 12.5% call premium if the index closes at or above its initial level on March 7, 2025.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 125% of the index return.
If the index declines by 25% or less, the payout will be par. If the index declines by more than 25%, investors will lose 1% for every 1% that the index declines from its initial level.
Barclays is the agent. Distribution is through Morgan Stanley Wealth Management.
| Issuer: | Barclays Bank plc
|
| Issue: | Autocallable trigger Performance Leveraged Upside Securities
|
| Underlying index: | Russell 2000 index
|
| Amount: | $26,405,000
|
| Maturity: | March 4, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final index level is greater than the initial index level, the payout at maturity will be par plus 125% of the index return; if the index declines by 25% or less, par; otherwise, investors will lose 1% for every 1% that the index declines from its initial level
|
| Call: | Automatically at par plus a 12.5% call premium if the index closes at or above its initial level on March 7, 2025
|
| Initial level: | 2,054.843
|
| Trigger level: | 1,541.13; 75% of initial level
|
| Pricing date: | Feb. 29
|
| Settlement date: | March 5
|
| Agent: | Barclays
|
| Distribution: | Morgan Stanley Wealth Management
|
| Fees: | 2.5%
|
| Cusip: | 06745PUS8
|
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