New Issue: Barclays prices $8.98 million trigger PLUS linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, July 8 – Barclays Bank plc priced $8.98 million of 0% trigger Performance Leveraged Upside Securities due July 3, 2025 linked to the S&P 500 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 of $10 plus 151.2% of the index return.

If the index finishes at or below its initial level but at or above its trigger level, the payout will be par. The trigger level is 65% of the initial index level.

If the index finishes below its trigger level, investors will be exposed to the index’s decline from its initial level.

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

Issuer:	Barclays Bank plc
Issue:	Trigger Performance Leveraged Upside Securities
Underlying index:	S&P 500
Amount:	$8,978,520
Maturity:	July 3, 2025
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index finishes above initial level, par plus 151.2% of index return; if index finishes at or below initial level but at or above trigger level, par; if index finishes below trigger level, exposure to index’s decline from initial level
Initial level:	2,941.76
Trigger level:	1,912.14, 65% of initial levels
Pricing date:	June 28
Settlement date:	July 3
Agent:	Barclays
Selected dealer:	Morgan Stanley Wealth Management
Fees:	3.5%
Cusip:	06747B472

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