New Issue: Barclays sells $5 million dual directional buffered PLUS on Russell

By Wendy Van Sickle

Columbus, Ohio, Nov. 19 – Barclays Bank plc priced $5 million of 0% dual directional buffered Performance Leveraged Upside Securities due Nov. 4, 2021 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above its initial level, the payout at maturity will be par plus 2 times the gain, up to $11.65 per $10 PLUS.

If the index falls but not by more than 10%, the payout will be par plus the absolute value of the return of the index.

Otherwise, investors will be exposed to any decline in the index beyond the 10% buffer.

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

Issuer:	Barclays Bank plc
Issue:	Dual directional buffered Performance Leveraged Upside Securities
Underlying index:	Russell 2000
Amount:	$5 million
Maturity:	Nov. 4, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the index gains, par plus 2 times the index return, up to $11.65 per PLUS; if index falls by up to 10%, par plus absolute value of the return of the index; otherwise, exposure to any decline of index beyond 10%
Initial level:	1,572.847
Buffer level:	1,415.5623, 90% of initial level
Pricing date:	Oct. 30
Settlement date:	Nov. 4
Agent:	Barclays
Selected dealer:	Morgan Stanley Wealth Management
Fees:	1.875%
Cusip:	06747D445

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