By Angela McDaniels
Tacoma, Wash., Oct. 18 – Barclays Bank plc priced $4.95 million of 0% trigger Performance Leveraged Upside Securities due Jan. 19, 2024 linked to the Russell 1000 Value 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 147% 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 70% 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: | Russell 1000 Value
|
| Amount: | $4,945,100
|
| Maturity: | Jan. 19, 2024
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index finishes above initial level, par plus 147% 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: | 1,255.859
|
| Trigger level: | 879.101, 70% of initial levels
|
| Pricing date: | Oct. 16
|
| Settlement date: | Oct. 21
|
| Agent: | Barclays
|
| Selected dealer: | Morgan Stanley Wealth Management
|
| Fees: | 3%
|
| Cusip: | 06747D742
|
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