New Issue: Barclays prices $3.63 million bearish jump securities linked inversely to S&P

By William Gullotti

Buffalo, N.Y., April 12 – Barclays Bank plc priced $3.63 million of 0% bearish jump securities due May 5, 2025 linked inversely to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 37.3% if the index finishes flat or declines.

Investors will lose 1% for each 1% index gain, with a minimum payout of zero.

Barclays is the agent, with Morgan Stanley Wealth Management serving as dealer.

Issuer:	Barclays Bank plc
Issue:	Bearish jump securities
Underlying index:	S&P 500 index
Amount:	$3,626,000
Maturity:	May 5, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 37.3% if index finishes at or below initial level; otherwise, 1% loss for each 1% gain of the index
Initial level:	5,254.35
Pricing date:	March 28
Settlement date:	April 3
Agent:	Barclays
Dealer:	Morgan Stanley Wealth Management
Fees:	2.25%
Cusip:	06745QBQ1

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