Published on 11/29/2021 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $9.23 million buffered PLUS linked to Xtrackers Harvest CSI 300 China A-Shares
By Wendy Van Sickle
Columbus, Ohio, Nov. 29 – Barclays Bank plc priced $9.23 million of 0% buffered Performance Leveraged Upside Securities due May 23, 2024 linked to the Xtrackers Harvest CSI 300 China A-Shares 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 $12.15 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: | Xtrackers Harvest CSI 300 China A-Shares
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Amount: | $9,230,500
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Maturity: | May 23, 2024
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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 21.5%; par if ETF declines by 10% or less; 1% loss for every 1% that ETF declines beyond 10%
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Initial level: | $38.68
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Buffer level: | $34.812, 90% of initial level
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Pricing date: | Nov. 19
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Settlement date: | Nov. 24
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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: | 06747Y373
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