New Issue: Barclays prices $13.02 million buffered PLUS due 2021 linked to S&P 500

By Sarah Lizee

Olympia, Wash., March 4 – Barclays Bank plc priced $13.02 million of buffered Performance Leveraged Upside Securities due Sept. 3, 2021 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 of $10 plus double any index gain, up to a maximum payment of $12.355 per PLUS.

Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond the buffer.

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

Issuer:	Barclays Bank plc
Issue:	Buffered Performance Leveraged Upside Securities
Underlying index:	S&P 500
Amount:	$13,017,710
Maturity:	Sept. 3, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is positive, par plus double any index gain, capped at $12.355 per PLUS; par if index declines by 10% or less; 1% loss for each 1% decline beyond 10%
Initial level:	2,784.49
Pricing date:	Feb. 28
Settlement date:	March 5
Agent:	Barclays
Dealer:	Morgan Stanley Wealth Management
Fees:	3%
Cusip:	06746Y598

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