By Wendy Van Sickle
Columbus, Ohio, Dec. 7 – Barclays Bank plc priced $558,000 of 0% market-linked notes due Dec. 5, 2022 with upside participation with quarterly averaging and principal return at maturity linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 105% of any index gain.
If the index falls, the payout will be par.
The ending level of the index will be the average of the closing levels on the quarterly dates from February 2018 to Nov. 28, 2022.
Barclays is the agent with Morgan Stanley Wealth Management as dealer.
| Issuer: | Barclays Bank plc
|
| Issue: | Market-linked notes with upside participation with quarterly averaging and principal return at maturity
|
| Underlying index: | Dow Jones industrial average
|
| Amount: | $558,100
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| Maturity: | Dec. 5, 2022
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 105% of any index gain; par if index falls
|
| Ending level: | Average of closing levels on quarterly dates from February 2018 to Nov. 28, 2022
|
| Initial level: | 24,272.35
|
| Pricing date: | Nov. 30
|
| Settlement date: | Dec. 5
|
| Underwriter: | Barclays
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 4.4385%
|
| Cusip: | 06744CKT7
|
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