By Marisa Wong
Morgantown, W.Va., Aug. 17 – Barclays Bank plc priced $8.25 million of 0% partial principal at risk securities due Sept. 3, 2020 tied to the MSCI Europe index, according to a 424B2 with the Securities and Exchange Commission.
The payout at maturity will be par of $10.00 plus 1.25 times any index gain.
If the index finishes flat or declines, investors will receive par plus the index return, subject to a minimum payout of $9.50 per note.
Barclays is the agent. Morgan Stanley Wealth Management is the dealer.
Issuer: | Barclays Bank plc
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Issue: | Partial principal at risk securities
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Underlying index: | MSCI Europe
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Amount: | $8,248,500
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Maturity: | Sept. 3, 2020
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Coupon: | 0%
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Price: | Par of $10.00
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Payout at maturity: | Par plus 1.25 times any index gain; if index falls, par plus the index return subject to minimum payout of $9.50
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Initial index level: | 127.91
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Pricing date: | Aug. 15
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Settlement date: | Aug. 20
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Agent: | Barclays
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Dealer: | Morgan Stanley Smith Barney LLC
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Fees: | 2.5%
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Cusip: | 06746T219
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