New Issue: Barclays Bank prices $1.75 million dual directional trigger PLUS linked to iShares ETF

New York, March 23 – Barclays Bank plc priced $1.75 million of 0% dual directional trigger PLUS due March 20, 2025 linked to the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par plus 200% of the ETF return, subject to a maximum return of par plus 25%.

Investors will receive a 1% gain for each 1% loss in the ETF if the ETF declines but finishes at or above the 80% principal barrier and will lose 1% for every 1% decline if the ETF ends below its principal barrier.

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

Issuer:	Barclays Bank plc
Issue:	Dual directional trigger PLUS
Underlying fund:	iShares MSCI Emerging Markets ETF
Amount:	$1,752,870
Maturity:	March 20, 2025
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If return of the ETF is positive, par plus 200% of the ETF's return, subject to a maximum return of par plus 25%; 1% gain for each 1% loss if ETF declines but ends at or above principal barrier; otherwise, full exposure to decline of ETF from initial level
Initial level:	$37.61
Principal barrier:	$30.09, 80% of initial level
Upside leverage:	200%
Cap:	25%
Pricing date:	March 17
Settlement date:	March 22
Agent:	Barclays
Dealer:	Morgan Stanley Wealth Management
Fees:	2.5% including a structuring fee of 0.5%
Cusip:	06748F316

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