By Wendy Van Sickle
Columbus, Ohio, Nov. 8 – Barclays Bank plc priced $5 million of 0% buffered Performance Leveraged Upside Securities due May 5, 2020 linked to the iShares MSCI Emerging Markets ETF, according to a 424B2 with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus double any ETF gain, up to a maximum payment of $12.31 per PLUS.
Investors will receive par if the ETF 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 handling distribution.
| Issuer: | Barclays Bank plc
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| Issue: | Buffered Performance Leveraged Upside Securities
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| Underlying ETF: | iShares MSCI Emerging Markets ETF
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| Amount: | $5 million
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| Maturity: | May 5, 2020
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 200% of any ETF gain, capped at 23.1%; if ETF declines by 10% or less, par; otherwise, 1% loss for each 1% decline beyond 10%
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| Initial level: | $46.28
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| Pricing date: | Oct. 31
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| Settlement date: | Nov. 3
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| Agent: | Barclays with Morgan Stanley Wealth Management handling distribution
|
| Fees: | 3%
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| Cusip: | 06746N808
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