New Issue: Barclays prices $6.82 million buffered PLUS linked to S&P 500

By Sarah Lizee

Olympia, Wash., May 14 – Barclays Bank plc priced $6.82 million of 0% buffered Performance Leveraged Upside Securities due May 15, 2024 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 plus 117.65% of the index return. Investors will receive par if the index declines by 20% or less and will lose 1% for every 1% that it declines beyond 20%.

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

Issuer:	Barclays Bank plc
Issue:	Buffered Performance Leveraged Upside Securities
Underlying index:	S&P 500
Amount:	$6,817,000
Maturity:	May 15, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 117.65% of index return; par if index declines by 20% or less; 1% loss for every 1% that index declines beyond 20%
Initial level:	2,881.40
Pricing date:	May 10
Settlement date:	May 15
Agent:	Barclays
Selected dealer:	Morgan Stanley Wealth Management
Fees:	3.5%
Cusip:	06747B795

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