New Issue: Barclays prices $3.16 million lookback entry trigger PLUS tied to Invesco ETF

By William Gullotti

Buffalo, N.Y., Aug. 23 – Barclays Bank plc priced $3.16 million of 0% lookback entry trigger Performance Leveraged Upside Securities due March 5, 2025 linked to the Invesco S&P 500 Equal Weight ETF, according to a 424B2 with the Securities and Exchange Commission.

If the final ETF level is greater than the initial ETF level, the payout at maturity will be par plus 200% of the ETF return, capped at par plus 15%.

If the ETF declines by 20% or less, the payout will be par. If the ETF declines by more than 20%, investors will lose 1% for every 1% that the ETF 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 fund:	Invesco S&P 500 Equal Weight ETF
Amount:	$3,155,000
Maturity:	March 5, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If the final ETF level is greater than the initial ETF level, the payout at maturity will be par plus 200% of the ETF return, capped at par plus 15%; if the ETF declines by 20% or less, par; otherwise, investors will lose 1% for every 1% that the ETF declines from its initial level
Initial level:	Lowest closing level of the ETF on any trading day between pricing date and Sept. 18, inclusive; will be less than or equal to $148.16, the pricing date closing level
Trigger level:	80% of initial level
Pricing date:	Aug. 16
Settlement date:	Aug. 21
Agent:	Barclays
Distribution:	Morgan Stanley Wealth Management
Fees:	2.5%
Cusip:	06745MVL9

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