New York, April 22 – Barclays Bank plc priced $15.94 million of 0% dual directional buffered PLUS due May 5, 2026 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains, the payout at maturity will be par plus 150% of the index return, subject to a maximum return of par plus 21.65%.
The payout will be par plus the absolute value of the index return if the index declines by no more than 15%.
Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.
Barclays is the agent. Morgan Stanley Wealth Management is the dealer.
| Issuer: | Barclays Bank plc
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| Issue: | Dual directional buffered PLUS
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| Underlying index: | Russell 2000 index
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| Amount: | $15.94 million
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| Maturity: | May 5, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus 150% of index return, subject to a maximum return of par plus 21.65%; par plus absolute value of index return if index declines by no more than 15%; otherwise, 1% loss for every 1% that index declines beyond 15%
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| Initial level: | 1,947.947
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| Buffer level: | 1,655.75495, 85% of initial level
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| Pricing date: | April 17
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| Settlement date: | April 22
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| Agent: | Barclays
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 2.5%
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| Cusip: | 06745QF87
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