Published on 7/17/2023 in the Prospect News Structured Products Daily.
New Issue: Barclays Bank prices $1.5 million Trigger PLUS linked to MSCI Emerging Markets
New York, July 17 – Barclays Bank plc priced $1.5 million of 0% Trigger PLUS due July 6, 2028 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 141% of the index return.
Investors will receive par if the index return is negative but ends at or above the 75% trigger and will lose 1% for every 1% decline if it ends below the trigger level.
Barclays is the agent. Morgan Stanley Wealth Management is the dealer.
Issuer: | Barclays Bank plc
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Issue: | Trigger PLUS
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Underlying index: | MSCI Emerging Markets index
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Amount: | $1,497,000
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Maturity: | July 6, 2028
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If return of the index is positive, par plus 141% of the index return; par if the index declines but finishes at or above trigger level; otherwise, 1% loss for every 1% decline of the index from initial level
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Initial level: | 989.48
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Trigger level: | 742.11, 75% of initial level
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Upside leverage: | 141%
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Pricing date: | June 30
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Settlement date: | July 6
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Agent: | Barclays
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Dealer: | Morgan Stanley Wealth Management
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Fees: | 3.5%
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Cusip: | 06745MJU3
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