By Sarah Lizee
Olympia, Wash., Aug. 6 – Barclays Bank plc priced $5.11 million of 0% lookback entry Performance Leveraged Upside Securities due Aug. 4, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The initial level will be the lowest closing level of the index during the period from pricing up to and including Sept. 30 and will not be higher than the index’s closing level on the pricing date.
The payout at maturity will be par plus 200% of any index gain, up to a maximum return of par plus 16.8%.
Investors will be fully exposed to any losses.
Barclays is the agent with Morgan Stanley Wealth Management as dealer.
| Issuer: | Barclays Bank plc
|
| Issue: | Lookback entry Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500
|
| Amount: | $5,109,000
|
| Maturity: | Aug. 4, 2021
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 200% of any index gain, up to a maximum return of par plus 16.8%; full exposure to any losses
|
| Initial index level: | Lowest closing level of index during the period from pricing up to and including Sept. 30; will not be higher than 2,980.3, closing level on pricing date
|
| Pricing date: | July 31
|
| Settlement date: | Aug. 5
|
| Agent: | Barclays
|
| Distribution: | Morgan Stanley & Co. LLC
|
| Fees: | 2.5%
|
| Cusip: | 06747C843
|
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