New Issue: Barclays prices $6.98 million dual directional trigger PLUS on MSCI Emerging Markets

New York, Feb. 15 – Barclays Bank plc priced $6.98 million of 0% dual directional trigger PLUS due Feb. 4, 2026 linked to the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 200% of the index return, subject to a maximum return of par plus 54%.

Investors will receive a 1% gain for each 1% loss in the index if the index declines but finishes at or above the 80% principal barrier and will lose 1% for every 1% decline if the index ends below its principal barrier.

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

Issuer:	Barclays Bank plc
Issue:	Dual directional trigger PLUS
Underlying index:	MSCI Emerging Markets index
Amount:	$6,977,300
Maturity:	Feb. 4, 2026
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If return of index is positive, par plus 200% of index's return, subject to a maximum return of par plus 54%; 1% gain for each 1% loss if index declines but ends at or above principal barrier; otherwise, full exposure to decline of index from initial level
Initial level:	1,031.5
Principal barrier:	825.2, 80% of initial level
Upside leverage:	200%
Cap:	54%
Pricing date:	Jan. 31
Settlement date:	Feb. 3
Agent:	Barclays
Dealer:	Morgan Stanley Wealth Management
Fees:	3% including a structuring fee of 0.5%
Cusip:	06748D717

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