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Published on 10/18/2016 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $2.57 million PLUS linked to Financial Select Sector SPDR

By Angela McDaniels

Tacoma, Wash., Oct. 18 – Barclays Bank plc priced $2.57 million of 0% Performance Leveraged Upside Securities due Feb. 5, 2018 linked to the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par of $10 plus 300% of the ETF return, subject to a maximum return of 18.05%. If the ETF return is negative, investors will be exposed to the decline.

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

Issuer:Barclays Bank plc
Issue:Performance Leveraged Upside Securities
Underlying ETF:Financial Select Sector SPDR fund
Amount:$2,572,810
Maturity:Feb. 5, 2018
Coupon:0%
Price:Par of $10.00
Payout at maturity:If ETF return is positive, par plus 300% of ETF return, subject to 18.05% maximum return; if ETF declines, full exposure to decline
Initial share price:$19.42
Pricing date:Oct. 14
Settlement date:Oct. 19
Agent:Barclays
Selected dealer:Morgan Stanley Wealth Management
Fees:2.25%
Cusip:06745B219

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