By Marisa Wong
Morgantown, W.Va., Feb. 11 – Barclays Bank plc priced $4.5 million of 0% trigger jump securities with autocallable feature due Feb. 12, 2024 linked to the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.
The notes will be called at par plus an annualized premium of 8% if the index closes at or above its initial level on any annual call date.
If the index finishes at or above its trigger value, 80% of the initial level, the payout at maturity will be par plus 40%.
Otherwise, investors will lose 1% for each 1% decline from the initial level.
Barclays is the agent, with Morgan Stanley Wealth Management as dealer.
| Issuer: | Barclays Bank plc
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| Issue: | Trigger jump securities with autocallable feature
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| Underlying index: | S&P 500 index
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| Amount: | $4.5 million
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| Maturity: | Feb. 12, 2024
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| Coupon: | 0%
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| Price: | Par of $10
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| Call: | At par plus an annualized premium of 8% if the index closes at or above its initial level on any annual call date
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| Payout at maturity: | If index finishes at or above trigger value, par plus 40%; otherwise, investors will lose 1% for each 1% decline from the initial level
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| Initial index level: | 2,706.05
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| Trigger value: | 2,164.840, 80% of initial level
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| Pricing date: | Feb. 7
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| Settlement date: | Feb. 12
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| Agent: | Barclays
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 2.3%
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| Cusip: | 06746Y648
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