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Published on 8/18/2017 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $3.6 million PLUS tied to Nikkei 225, Topix

By Wendy Van Sickle

Columbus, Ohio, Aug. 18 – Barclays Bank plc priced $3.6 million of 0% Performance Leveraged Upside Securities due Feb. 21, 2019 linked to the Topix index and the Nikkei 225 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 200% of any gain of the lesser performing index, up to a maximum return of 32.4%.

Investors will be fully exposed to any loss of the lesser performing index.

Barclays is the agent with Morgan Stanley Smith Barney LLC handling distribution.

Issuer:Barclays Bank plc
Issue:Performance Leveraged Upside Securities
Underlying indexes:Nikkei 225, Topix
Amount:$3.6 million
Maturity:Feb. 21, 2019
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 200% of any index gain, capped at 32.4%; one-to-one exposure to declines in laggard index
Initial levels:1,616.00 for Topix, 19,729.28 for Nikkei
Pricing date:Aug. 16
Settlement date:Aug. 21
Agent:Barclays with Morgan Stanley Smith Barney LLC handling distribution
Fees:2.5%
Cusip:06746L398

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