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Published on 4/22/2024 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $7.92 million trigger jump securities linked to S&P 500

New York, April 22 – Barclays Bank plc priced $7.92 million of 0% trigger jump securities due May 3, 2030 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the index is zero or positive, the payout at maturity will be par plus the greater of the index's return and 40.7%.

Investors will receive par if the index declines but finishes at or above the 80% trigger level and will lose 1% for every 1% that the index declines if it finishes below the trigger level.

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

Issuer:Barclays Bank plc
Issue:Trigger jump securities
Underlying index:S&P 500 index
Amount:$7,919,000
Maturity:May 3, 2030
Coupon:0%
Price:Par
Payout at maturity:If return of index is zero or positive, par plus greater of index return and 40.7%; par if index declines but finishes at or above trigger level; otherwise, 1% loss for every 1% that index declines from initial level
Initial level:5,022.21
Upside payment:40.7%
Trigger:4,017.77, 80% of initial level
Pricing date:April 17
Settlement date:April 22
Agent:Barclays
Dealer:Morgan Stanley Wealth Management
Fees:3.5%
Cusip:06745QF95

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