Published on 2/1/2024 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $2.5 million dual directional trigger jump securities on MSCI index
New York, Feb. 1 – Barclays Bank plc priced $2.5 million of 0% dual directional trigger jump securities due Feb. 5, 2029 linked to the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is zero or positive, the payout at maturity will be par plus 32%.
Investors will receive a 1% gain for each 1% loss if the index declines but finishes at or above the 75% downside threshold and will lose 1% for every 1% decline if the index ends below its downside threshold.
Barclays is the agent. Morgan Stanley Wealth Management is the dealer.
Issuer: | Barclays Bank plc
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Issue: | Dual directional trigger jump securities
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Underlying index: | MSCI Emerging Markets index
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Amount: | $2,501,000
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Maturity: | Feb. 5, 2029
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If return of index is zero or positive, par plus 32%; 1% gain for each 1% loss if index declines but ends at or above downside threshold; otherwise, full exposure to decline of index from initial level
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Initial level: | 958.39
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Upside payment: | 32%
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Downside threshold: | 718.79, 75% of initial level
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Pricing date: | Jan. 17
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Settlement date: | Jan. 22
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Agent: | Barclays
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Dealer: | Morgan Stanley Wealth Management
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Fees: | 3.5%
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Cusip: | 06745PF22
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