New Issue: Barclays prices $7.9 million buffered PLUS linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Feb. 11 – Barclays Bank plc priced $7.9 million of 0% buffered Performance Leveraged Upside Securities due Aug. 3, 2023 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 twice the index return, capped at 16.5%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that the index 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:	$7,901,760
Maturity:	Aug. 3, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus twice index return, capped at 16.5%; par if index declines by 10% or less; 1% loss for every 1% that index declines beyond 10%
Initial level:	3,714.24
Buffer level:	3,342.816, 90% of initial level
Pricing date:	Jan. 29
Settlement date:	Feb. 3
Agent:	Barclays with Morgan Stanley Wealth Management as a dealer
Fees:	3%
Cusip:	06744A204

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