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Published on 10/6/2023 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $3.23 million buffered PLUS tied to MSCI Emerging Markets index

New York, Oct. 6 – Barclays Bank plc priced $3.23 million of 0% Buffered PLUS due April 7, 2026 linked to the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the index is positive, the payout at maturity will be par plus 200% of the return, subject to a maximum return of par plus 37%.

Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that the index declines beyond 10%.

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

Issuer:Barclays Bank plc
Issue:Buffered PLUS
Underlying index:MSCI Emerging Markets index
Amount:$3,232,000
Maturity:April 7, 2026
Coupon:0%
Price:Par
Payout at maturity:If return of index is positive, par plus 200% of the return, subject to a maximum return of par plus 37%; par if index declines by 10% or less; otherwise, 1% loss for every 1% that index declines beyond 10%
Initial level:952.78
Buffer level:857.502, 90% of initial level
Upside leverage:200%
Cap:37%
Pricing date:Sept. 29
Settlement date:Oct. 4
Agent:Barclays
Dealer:Morgan Stanley Wealth Management
Fees:3%
Cusip:06745NJL1

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