By Wendy Van Sickle
Columbus, Ohio, Oct. 2 – Barclays Bank plc priced $10.15 million of 0% trigger PLUS notes due Oct. 3, 2025 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 144.5% of the index return if the final index value is greater than its initial value.
If the final index falls by no more than 35%, the payout will be par.
If the final value falls more than 35%, investors will be fully exposed to the loss of the index.
Barclays is the agent with Morgan Stanley Wealth Management as a dealer.
| Issuer: | Barclays Bank plc
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| Issue: | Trigger PLUS notes
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| Underlying index: | S&P 500
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| Amount: | $10,145,740
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| Maturity: | Oct. 3, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 144.5% of index return if final index value is above initial value; par if final value falls but no more than 35%; if index falls more than 35% investors will be fully exposed to losses of index
|
| Initial level: | 2,976.74
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| Trigger level: | 1,934.88, 65% of initial level
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| Pricing date: | Sept. 30
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| Settlement date: | Oct. 3
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| Agent: | Barclays
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| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 3.5%
|
| Cusip: | 06747C264
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