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Published on 4/20/2020 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $463,310 dual directional trigger PLUS tied to Stoxx

By Sarah Lizee

Olympia, Wash., April 20 – Barclays Bank plc priced $463,310 of 0% dual directional trigger Performance Leveraged Upside Securities due Oct. 15, 2025 linked to the Euro Stoxx 50 index, according to a 424B2 with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus 133% of the index return. If the index declines by 35% or less, the payout will be par plus the absolute value of the index return. If the index declines by more than 35%, investors will lose 1% for every 1% that the index declines from its initial level.

Barclays is the agent. Distribution is through Morgan Stanley Wealth Management.

Issuer:Barclays Bank plc
Issue:Dual directional trigger Performance Leveraged Upside Securities
Underlying index:Euro Stoxx 50
Amount:$463,310
Maturity:Oct. 15, 2025
Coupon:0%
Price:Par of $10
Payout at maturity:If final index level is greater than initial index level, par plus 133% of the index gain; if final index level is less than initial index level but greater than or equal to trigger level, par plus absolute value of index return; if final index level is less than trigger level, 1% loss for every 1% that index declines from initial level
Initial index level:2,892.79
Trigger level:1,880.31, 65% of initial level
Pricing date:April 9
Settlement date:April 16
Agent:Barclays
Distribution:Morgan Stanley Wealth Management
Fees:3.5%
Cusip:06747G430

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