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Published on 10/24/2020 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $2.06 million PLUS linked to Russell 2000

By Kiku Steinfeld

Chicago, Oct. 26 – Barclays Bank plc priced $2.06 million of 0% Performance Leveraged Upside Securities due Feb. 3, 2022 linked to the Russell 2000 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 300% of the index return, subject to a maximum return of 11.25%. If the index return is negative, investors will be exposed to the decline.

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

Issuer:Barclays Bank plc
Issue:Performance Leveraged Upside Securities
Underlying index:Russell 2000
Amount:$2,060,210
Maturity:Feb. 3, 2022
Coupon:0%
Price:Par of $10
Payout at maturity:If index return is positive, par plus 300% of index return, subject to 11.25% maximum return; if index return is negative, exposure to decline
Initial level:1,633.808
Pricing date:Oct. 16
Settlement date:Oct. 21
Agent:Barclays
Distribution:Morgan Stanley Wealth Management
Fees:2.25%
Cusip:06747K456

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