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Published on 8/23/2017 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $9.91 million of two-year trigger PLUS linked to Amazon

By Susanna Moon

Chicago, Aug. 23 – Barclays Bank plc priced $9.91 million of trigger Performance Leveraged Upside Securities due Aug. 22, 2019 linked to Amazon.com, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any stock gain, up to a maximum of $13.20 per PLUS.

Investors will receive par if the stock falls by up to 20% and will be fully exposed to any losses if the stock finishes below its 80% trigger level.

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

Issuer:Barclays Bank plc
Issue:Trigger Performance Leveraged Upside Securities
Underlying stock:Amazon.com, Inc. (Nasdaq: AMZN)
Amount:$9,912,000
Maturity:Aug. 22, 2019
Contingent coupon:0%
Price:Par of $10
Payout at maturity:Par plus 200% of any stock gain, capped at 32%; par if stock falls by up to 20%; 1% for each 1% decline if stock finishes below 80% trigger
Initial level:$958.47
Trigger level:$766.78, 80% of initial level
Pricing date:Aug. 18
Settlement date:Aug. 23
Agents:Barclays with Morgan Stanley Wealth Management as dealer
Fees:2%
Cusip:06746L414

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