New Issue: Barclays sells $1.92 million buffered PLUS due 2020 linked to S&P 500

By Susanna Moon

Chicago, Jan. 4 – Barclays Bank plc priced $1.92 million of 0% buffered Performance Leveraged Upside Securities due July 6, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any index gain, up to a maximum return of 18%.

Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond the buffer.

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

Issuer:	Barclays Bank plc
Issue:	Buffered Performance Leveraged Upside Securities
Underlying index:	S&P 500
Amount:	$1,915,800
Maturity:	July 6, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any index gain, capped at 18%; par if index falls by up to 10%; 1% loss per 1% decline beyond 10%
Initial index level:	2,687.54
Pricing date:	Dec. 28
Settlement date:	Jan. 3
Agent:	Barclays
Dealer:	Morgan Stanley Wealth Management
Fees:	2.5%
Cusip:	06746N188

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