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Published on 8/23/2023 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $7.5 million Trigger PLUS linked to MSCI EAFE

New York, Aug. 23 – Barclays Bank plc priced $7.5 million of 0% Trigger PLUS due Aug. 20, 2026 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 129.5% of the index return.

Investors will receive par if the index return is negative but ends at or above the 80% trigger and will lose 1% for every 1% decline if it ends below the trigger level.

Barclays is the agent. Morgan Stanley Wealth Management is the dealer.

Issuer:Barclays Bank plc
Issue:Trigger PLUS
Underlying index:MSCI EAFE index
Amount:$7.5 million
Maturity:Aug. 20, 2026
Coupon:0%
Price:Par
Payout at maturity:If return of the index is positive, par plus 129.5% of the gain; par if index declines but finishes at or above trigger level; otherwise, 1% loss for every 1% decline of index from initial level
Initial level:2,087.29
Trigger level:1,669.83, 80% of initial level
Upside leverage:129.5%
Pricing date:Aug. 16
Settlement date:Aug. 21
Agent:Barclays
Dealer:Morgan Stanley Wealth Management
Fees:2.5%
Cusip:06745NAA4

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