Published on 10/27/2023 in the Prospect News Structured Products Daily.
New Issue: Barclays Bank prices $1.83 million trigger PLUS linked to Stoxx
Chicago, Oct. 27 – Barclays Bank plc priced $1.83 million of 0% trigger PLUS due Nov. 5, 2029 linked to the Euro Stoxx 50 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 220% 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 and Morgan Stanley Wealth Management is the selected dealer.
Issuer: | Barclays Bank plc
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Issue: | Trigger PLUS
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Underlying index: | Euro Stoxx 50 index
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Amount: | $1,825,000
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Maturity: | Nov. 5, 2029
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If return of index is positive, par plus 220% of the gain of the index; par if index declines but finishes at or above trigger level; 1% loss for every 1% decline if index finishes below trigger level
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Initial levels: | 4,105.86
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Trigger level: | 3,079.40, 75% of initial level
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Upside leverage: | 220%
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Cap: | None
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Pricing date: | Oct. 18
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Settlement date: | Oct. 23
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Agent: | Barclays
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Distributor: | Morgan Stanley Wealth Management
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Fees: | 3.5%
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Cusip: | 06745NMN3
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