Published on 5/24/2021 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $4.05 million buffered PLUS linked to iShares MSCI Emerging Markets
By Wendy Van Sickle
Columbus, Ohio, May 24 – Barclays Bank plc priced $4.05 million of 0% buffered Performance Leveraged Upside Securities due Nov. 3, 2023 linked to the iShares MSCI Emerging Markets 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 of $10 plus double the ETF return, capped at $11.87 per PLUS. Investors will receive par if the ETF declines by 10% or less and will lose 1% for every 1% that the ETF declines beyond 10%.
Barclays is the agent with Morgan Stanley Wealth Management as a dealer.
Issuer: | Barclays Bank plc
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Issue: | Buffered Performance Leveraged Upside Securities
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Underlying ETF: | iShares MSCI Emerging Markets
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Amount: | $4,053,180
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Maturity: | Nov. 3, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus two times any ETF gain, capped at par plus 18.7%; par if ETF declines by 10% or less; 1% loss for every 1% that ETF declines beyond 10%
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Initial level: | $53.98
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Buffer level: | $48.582, 90% of initial level
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Pricing date: | April 30
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Settlement date: | May 5
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Agent: | Barclays with Morgan Stanley Wealth Management as a dealer
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Fees: | 3%
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Cusip: | 06747R527
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