Barclays plans trigger PLUS due 2018 linked to Euro Stoxx 50

By Jennifer Chiou

New York, Jan. 2 – Barclays Bank plc plans to price 0% trigger Performance Leveraged Upside Securities due Feb. 2, 2018 linked to the Euro Stoxx 50 index, according to an FWP with the Securities and Exchange Commission.

If the index finishes above its initial level, the payout at maturity will be par of $10 plus double the gain, up to a maximum amount of $16.30 per note.

If the index falls by up to the 85% trigger level, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

The notes (Cusip: 06742Y113) will price on Jan. 30 and settle on Feb. 4.

Barclays is the agent, and Morgan Stanley Smith Barney LLC is the dealer.

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