By Kiku Steinfeld
Chicago, June 1 – Barclays Bank plc priced $7.1 million of 0% Performance Leveraged Upside Securities due Aug. 11, 2022 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the final fund level is greater than the initial fund level, the payout at maturity will be par of $10 plus 200% of the fund return, subject to a maximum return of 18%.
Investors will be fully exposed to any fund decline.
Barclays is the agent with Morgan Stanley Wealth Management handling distribution.
| Issuer: | Barclays Bank plc
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying ETF: | iShares MSCI Emerging Markets ETF
|
| Amount: | $7,103,620
|
| Maturity: | Aug. 11, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any fund gain, return capped at 18%; full exposure to any fund decline
|
| Initial price: | $54.69
|
| Pricing date: | May 7
|
| Settlement date: | May 12
|
| Agent: | Barclays
|
| Distribution: | Morgan Stanley Wealth Management
|
| Fees: | 2.25%
|
| Cusip: | 06747R311
|
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