By Sarah Lizee
Olympia, Wash., May 30 – Barclays Bank plc priced $3.33 million of 0% trigger Performance Leveraged Upside Securities due May 27, 2022 linked to the common stock of Amazon.com, Inc., according to a 424B2 filed with the Securities and Exchange Commission.
If the stock finishes above its initial level, the payout at maturity will be par plus 150% of the stock gain.
If the stock falls but finishes at or above its 85% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
Barclays is the agent with Morgan Stanley Wealth Management as a dealer.
| Issuer: | Barclays Bank plc
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying stock: | Amazon.com, Inc.
|
| Amount: | $3.33 million
|
| Maturity: | May 27, 2022
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 150% of any stock gain; if stock falls but finishes at or above trigger level, par; otherwise, 1% loss per 1% decline
|
| Initial level: | $1,823.28
|
| Trigger level: | $1,549.79, 85% of initial stock level
|
| Pricing date: | May 24
|
| Settlement date: | May 30
|
| Agent: | Barclays
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.25%
|
| Cusip: | 06747B589
|
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