Published on 5/24/2021 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $7.9 million PLUS linked to S&P 500
By Wendy Van Sickle
Columbus, Ohio, May 24 – Barclays Bank plc priced $7.9 million of 0% Performance Leveraged Upside Securities due Aug. 3, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return of 12%. If the index return is negative, investors will be exposed to the decline.
Barclays is the agent. Distribution is through Morgan Stanley Wealth Management.
Issuer: | Barclays Bank plc
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Issue: | Performance Leveraged Upside Securities
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Underlying index: | S&P 500
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Amount: | $7,897,600
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Maturity: | Aug. 3, 2022
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index return is positive, par plus 300% of index return, subject to 12% maximum return; if index return is negative, exposure to decline
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Initial level: | 4,181.17
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Pricing date: | April 30
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Settlement date: | May 5
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Agent: | Barclays
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Distribution: | Morgan Stanley Wealth Management
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Fees: | 2.25%
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Cusip: | 06747R519
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