Published on 1/6/2022 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $1.56 million PLUS linked to Russell 2000
By Kiku Steinfeld
Chicago, Jan. 6 – Barclays Bank plc priced $1.56 million of 0% Performance Leveraged Upside Securities due Feb. 16, 2023 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus triple the return of the index, subject to a maximum payout of par plus 16.35%. Otherwise, investors will lose 1% for every 1% that the index declines from its initial level.
Barclays is the agent. Morgan Stanley Wealth Management is a dealer.
Issuer: | Barclays Bank plc
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Issue: | Performance Leveraged Upside Securities
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Underlying index: | Russell 2000 index
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Amount: | $1,557,890
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Maturity: | Feb. 16, 2023
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index finishes above initial level, par plus three times index return capped at par plus 16.35%; otherwise, 1% loss for each 1% decline of index from initial level
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Initial level: | 2,411.776
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Pricing date: | Nov. 12
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Settlement date: | Nov. 17
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Agent: | Barclays
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Selected dealer: | Morgan Stanley Wealth Management
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Fees: | 2.25%
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Cusip: | 06747Y746
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