New Issue: Barclays prices $3.83 million lookback entry trigger PLUS tied to S&P 500

By William Gullotti

Buffalo, N.Y., March 23 – Barclays Bank plc priced $3.83 million of 0% lookback entry trigger Performance Leveraged Upside Securities due March 20, 2025 linked to the S&P 500 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 150% of the index return, capped at par plus 21.8%.

If the index declines by 20% or less, the payout will be par. If the index declines by more than 20%, 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:	Lookback entry trigger Performance Leveraged Upside Securities
Underlying index:	S&P 500 index
Amount:	$3,830,740
Maturity:	March 20, 2025
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 150% of the index return, capped at par plus 21.8%; if the index declines by 20% or less, par; otherwise, investors will lose 1% for every 1% that the index declines from its initial level
Initial level:	Lowest closing level of the index on any trading day between pricing date and May 17, inclusive; will be less than or equal to 3,916.64, the pricing date closing level
Trigger level:	80% of initial level
Pricing date:	March 17
Settlement date:	March 22
Agent:	Barclays
Distribution:	Morgan Stanley Wealth Management
Fees:	2.5%
Cusip:	06748F357

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