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Published on 11/7/2016 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $2.14 million capped PLUS due 2018 tied to Russell 2000

By Susanna Moon

Chicago, Nov. 7 – Barclays Bank plc priced $2.14 million of 0% Performance Leveraged Upside Securities due Feb. 5, 2018 linked to the Russell 2000 index, according to a 424B2 with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any index gain, up to a maximum payout of $11.755 per PLUS.

Investors will be exposed to any losses.

Barclays is the agent with Morgan Stanley Wealth Management handling distribution.

Issuer:Barclays Bank plc
Issue:Performance Leveraged Upside Securities
Underlying index:Russell 2000
Amount:$2,144,100
Maturity:Feb. 5, 2018
Coupon:0%
Price:Par
Payout at maturity:Par plus triple any index gain, capped at 17.55%; exposure to any losses
Initial level:1,191.388
Pricing date:Oct. 31
Settlement date:Nov. 3
Agent:Barclays with Morgan Stanley Wealth Management handling distribution
Fees:1.75%
Cusip:06744M802

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