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
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.