New York, Aug. 7 – Barclays Bank plc priced $13.7 million of 0% trigger jump securities due Aug. 2, 2029 linked to the Invesco S&P 500 Equal Weight ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF return index is positive, the payout at maturity will be par plus the greater of the ETF return and 55%. Investors will receive par if the ETF declines but finishes at or above the 70% trigger level and will lose 1% for every 1% that the ETF declines if it finishes below the trigger level.
Barclays is the agent. Morgan Stanley Wealth Management is a dealer.
| Issuer: | Barclays Bank plc
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| Issue: | Trigger jump securities
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| Underlying ETF: | Invesco S&P 500 Equal Weight ETF
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| Amount: | $13.7 million
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| Maturity: | Aug. 2, 2029
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If ETF return is positive, par plus greater of ETF return and 55%; par if ETF declines but finishes at or above trigger level; 1% loss for every 1% that ETF declines if it finishes below trigger level
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| Initial share price: | $154.40
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| Upside payment: | 55%
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| Trigger level: | $108.08, or 70% of initial level
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| Pricing date: | July 28
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| Settlement date: | Aug. 2
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| Agent: | Barclays
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| Selected dealer: | Morgan Stanley Wealth Management
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| Fees: | 3%
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| Cusip: | 06745MVW5
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