By Wendy Van Sickle
Columbus, Ohio, Jan. 11 – Barclays Bank plc priced $4.88 million of 0% Performance Leveraged Upside Securities due April 9, 2020 linked to the Alerian MLP ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any ETF gain, up to a maximum payout of par plus 35%.
Investors will be exposed to any losses.
Barclays is the agent with Morgan Stanley Wealth Management handling distribution.
Issuer: | Barclays Bank plc
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Issue: | Performance Leveraged Upside Securities
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Underlying ETF: | Alerian MLP ETF
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Amount: | $4.88 million
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Maturity: | April 9, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 300% of any ETF gain, capped at par plus 35%; exposure to any losses
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Initial level: | $9.44
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Pricing date: | Jan. 4
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Settlement date: | Jan. 9
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Agent: | Barclays
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Distribution: | Morgan Stanley Wealth Management
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Fees: | 2.25%
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Cusip: | 06746V131
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