New Issue: Barclays prices $10.85 million six-year trigger PLUS linked to S&P 500

By Susanna Moon

Chicago, March 16 – Barclays Bank plc priced $10.85 million of 0% trigger Performance Leveraged Upside Securities due March 5, 2024 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

If the index finishes above its initial level, the payout at maturity will be par plus 1.35 times the gain.

If the index falls by up to its 65% trigger level, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Trigger Performance Leveraged Upside Securities
Underlying indexes:	S&P 500
Amount:	$10,849,110
Maturity:	March 5, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 135% of any index gain; if index falls by up to trigger, par; otherwise, 1% loss per 1% decline
Initial level:	2,713.83
Trigger level:	1,763.99, 65% of initial index level
Pricing date:	Feb. 28
Settlement date:	March 5
Agent:	Barclays
Fees:	3%
Cusip:	06746Q603

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