By Marisa Wong
Morgantown, W.Va., March 6 – Barclays Bank plc priced $2.33 million of 0% Performance Leveraged Upside Securities due June 5, 2018 linked to the SPDR S&P Regional Banking exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the final fund level is greater than the initial level, the payout at maturity will be par of $10 plus 300% of the fund gain, subject to a maximum return of 23.35%.
Investors will be fully exposed to any fund decline.
Barclays is the agent with Morgan Stanley Wealth Management as a dealer.
| Issuer: | Barclays Bank plc
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying ETF: | SPDR S&P Regional Banking ETF
|
| Amount: | $2,331,900
|
| Maturity: | June 5, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any fund gain, subject to a maximum return of 23.35%; full exposure to any fund decline
|
| Initial price: | $57.46
|
| Pricing date: | Feb. 28
|
| Settlement date: | March 3
|
| Agent: | Barclays
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.25%
|
| Cusip: | 06745T764
|
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