New Issue: Barclays prices $5.48 million trigger PLUS tied to Nasdaq

By William Gullotti

Buffalo, N.Y., March 8 – Barclays Bank plc priced $5.48 million of 0% trigger Performance Leveraged Upside Securities due June 2, 2023 linked to the Nasdaq-100 index, according to a 424B2 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 200% of the index return, capped at par plus 19.2%.

If the index declines by 10% or less, the payout will be par. If the index declines by more than 10%, investors will lose 1% for every 1% that the index declines from its initial level.

Barclays is the agent. Distribution is through Morgan Stanley Wealth Management.

Issuer:	Barclays Bank plc
Issue:	Trigger Performance Leveraged Upside Securities
Underlying index:	Nasdaq-100 index
Amount:	$5,480,500
Maturity:	June 2, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the final index level is greater than the initial index level, the payout at maturity will be par plus 200% of the index return up to par plus 19.2%; if the index declines by 10% or less, par; otherwise, investors will lose 1% for every 1% that the index declines from its initial level
Initial level:	14,237.81
Trigger level:	12,814.03; 90% of initial level
Pricing date:	Feb. 28
Settlement date:	March 3
Agent:	Barclays
Distribution:	Morgan Stanley Wealth Management
Fees:	2.25%
Cusip:	06748B661

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