New Issue: Barclays prices $2.16 million buffered PLUS linked to S&P 500

By Kiku Steinfeld

Chicago, April 6 – Barclays Bank plc priced $2.16 million of 0% buffered Performance Leveraged Upside Securities due Oct. 5, 2022 linked to the S&P 500 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 of $10 plus 200% of the index return, subject to a maximum return of 21%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

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

Issuer:	Barclays Bank plc
Issue:	Buffered Performance Leveraged Upside Securities
Underlying index:	S&P 500
Amount:	$2,155,600
Maturity:	Oct. 5, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 200% of index return, subject to 21% maximum return; par if index declines by 10% or less; 1% loss for every 1% that index declines beyond 10%
Initial level:	2,711.02
Buffer level:	2,439,918, 90% of initial level
Pricing date:	March 13
Settlement date:	March 18
Agent:	Barclays with Morgan Stanley Wealth Management as a dealer
Fees:	3%
Cusip:	06747G885

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