New Issue: Barclays Bank prices $3.57 million dual directional trigger PLUS linked to iShares ETF

New York, May 12 – Barclays Bank plc priced $3.57 million of 0% dual directional trigger PLUS due May 1, 2025 linked to the iShares MSCI South Korea ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par plus 200% of the ETF return, subject to a maximum return of par plus 22.4%.

Investors will receive a 1% gain for each 1% loss in the ETF if it declines but finishes at or above the 80% principal barrier and will lose 1% for every 1% decline if the ETF 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 fund:	iShares MSCI South Korea ETF
Amount:	$3,568,000
Maturity:	May 1, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If return of ETF is positive, par plus 200% of ETF return, subject to a maximum return of par plus 22.4%; if ETF falls by up to 20%, 1% gain for each 1% loss; otherwise, full exposure to ETF decline from initial level
Initial level:	$60.67
Principal barrier:	$48.54, 80% of initial level
Upside leverage:	200%
Cap:	22.4%
Pricing date:	April 28
Settlement date:	May 3
Agent:	Barclays
Dealer:	Morgan Stanley Wealth Management
Fees:	2.5%
Cusip:	06745M4E5

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