By Marisa Wong
Los Angeles, March 13 – Barclays Bank plc priced $1.5 million of 0% Performance Leveraged Upside Securities due March 9, 2023 linked to the Global X Robotics & Artificial Intelligence ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 3 times any ETF gain, capped at par plus 30%.
Investors will be exposed to any ETF decline.
Barclays is the agent. Morgan Stanley Wealth Management is the dealer.
| Issuer: | Barclays Bank plc
|
| Issue: | Performance Leveraged Upside Securities
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| Underlying ETF: | Global X Robotics & Artificial Intelligence ETF
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| Amount: | $1.5 million
|
| Maturity: | March 9, 2023
|
| Coupon: | 0%
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| Price: | Par of $10
|
| Payout at maturity: | Par plus 3 times any ETF gain, capped at par plus 30%; full exposure to any ETF decline
|
| Initial value: | $20.97
|
| Pricing date: | March 4
|
| Settlement date: | March 9
|
| Agent: | Barclays
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.5%
|
| Cusip: | 06747F283
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